More from BOE MPCs Mann:

  • Sentence in BOE minutes on further rate rises being necessary was wearing thin
  • We thought it appropriate to recalibrate market expectations
  • We have given important guidance on the size, timing and pace of any further rate rises
  • Latest BOE minutes has important message about being vigilant over persistence of inflation pressures, acting forcefully
  • Latest guidance from BOE reflects difference interview on MPC, what BOE sees as important data
  • Latest UK data has stronger prospects for consumption going forward than negative skew from end of tests and trace suggestions
  • My views on UK interest rates are not about defending sterling
  • Since May MPC meeting I have become more concerned about embeddedness of UK inflation, price expectations
  • Need to be concerned about the risk of a jump to a permanent higher inflation rate