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MNI BRIEF: BOE's Mann Open To Fast, Forceful Easing In Future

BOE MPC member Catherine Mann sets out the implications of her rate activism

MNI (LONDON) - Independent Bank of England Monetary Policy Committee member Catherine Mann set out the implications of her belief in rate activism at a Society of Professional Economists event on Thursday, saying that after a period of wait-and-see to ensure inflation has diminished she could then back acting "fast and forcefully."

Mann has repeatedly dissented from the prevailing MPC view, which is in favour of gradualism, with rate cuts now widely expected to come at a pace of one per quarter at most. Mann voted against the first two BOE rate cuts but she is holding the door open to moving faster than colleagues later in the cycle. (See MNI BOE WATCH: Cuts 25BP, Sees Slow Return To Inflation Target)

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MNI (LONDON) - Independent Bank of England Monetary Policy Committee member Catherine Mann set out the implications of her belief in rate activism at a Society of Professional Economists event on Thursday, saying that after a period of wait-and-see to ensure inflation has diminished she could then back acting "fast and forcefully."

Mann has repeatedly dissented from the prevailing MPC view, which is in favour of gradualism, with rate cuts now widely expected to come at a pace of one per quarter at most. Mann voted against the first two BOE rate cuts but she is holding the door open to moving faster than colleagues later in the cycle. (See MNI BOE WATCH: Cuts 25BP, Sees Slow Return To Inflation Target)

Keep reading...Show less