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Mann Talks Through Key Uncertainties for Policy Ahead

BOE
  • Mann moves onto inflation forecasts and markets - reiterates that inflation is on target at the end of forecast-horizon.
  • States that it remains unclear how tight financial conditions really are - especially when measured relative to inflation prospects.
  • Sees financial conditions as much tighter in the wake of the mini-budget last year, but there's a non-linear relationship between bank rate itself and broader financial conditions.

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