Bank policymaker calls for faster rate rises to prevent weak pound fuelling inflation

Catherine Mann says Bank of England’s MPC is in danger of falling behind rival central banks The Bank of England should raise interest rates more aggressively to shore up the weak pound, according to one of the central bank’s policymakers, who warned that sterling’s depreciation was fuelling inflation from higher import costs. In a hard-hitting speech, Catherine Mann said the nine-strong monetary policy committee (MPC), which she joined last year, was in danger of falling behind rival central banks that were taking a more energetic approach to tackling inflationary pressures. Continue reading...
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