Bank of England rate-setter sees no repeat of extended inflation spike ahead A member of the Bank of England's rate-setting committee has made a case for a steeper cut to interest rates on expectations that an inflation "hump" ahead will be temporary.
Last Thursday's rate decision meeting minutes showed that she, and one other member of the MPC Swati Dhingra, had varied concerns relating to Bank rate remaining too restrictive at a time of weak economic growth and a weakening employment outlook, with both likely to weigh on inflation naturally.
But she cautioned that while her policy path differed to the majority view for "gradual" rate reductions, Bank rate she said would need to remain restrictive for longer.
Ms Mann had been considered the top hawk - a policymaker leaning towards higher rates - on the Bank's monetary policy committee (MPC) until it emerged she had backed a half-point cut.
She said that elements such as budget tax rises on employment would, as Bank surveys have suggested, weigh on both wage growth and therefore inflation.
