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BoE's Mann sees risk of persistent above-target inflation

Thu, 21st Apr 2022 13:15

LONDON, April 21 (Reuters) - Bank of England Monetary Policy Committee member Catherine Mann said on Thursday that she saw a risk that current high inflation would persist next year, even if consumer demand weakened.

"The domestic inflation ratchet ... has been my central concern," she said in a speech.

"Monetary policy needs to keep inflation expectations anchored; by doing so now, less tightening will be required later, when demand may still be weak." (Reporting by David Milliken Editing by William Schomberg)

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