Mann Stresses Importance of GBP

• A: "Not gonna tell you what I will do". More analysis to come through, we are data dependent. Re-covers the final slide on key uncertainties - these will inform policy. Focuses on housing market, impact on not only mortgage holders, but renters also.
• Mann talks through the inverted yield curve, notes that it reflects the expectation for relative medium-term looseness, reiterates her opposition to "fine tuning" monetary policy (i.e. High frequency hiking, holding, then cutting rates)

Q: Are you happy to continue hiking BoE bank rate if the Fed hold this week?

• A: Had argued in the past about moving more aggressively (i.e. Front-loading) to achieve inflation targets as it supports exchange rate, supports deceleration of inflation, reiterates importance of value of GBP for the economy.* Flags that US inflation dynamics puts Fed in a different position to the BoE/UK - in the past few months in particular.