BoE's Mann
BoE's Mann

BOE's Mann is speaking and says:

  • Supply side of the economy is growing very slowly
  • Sees labor market tightness.
  • Says that wage growth is still far away from being consistent with the inflation target
  • We have to see disciplining of service sector price growth.
  • On rate cuts Mann says that until I see some deceleration in services prices, I am not in a position to cut rates
  • 2% inflation we see now is a touch and go. Inflation will be above 2% for the rest of the year