- If I am wrong and inflation and economy drop more significantly, I wouldn't hesitate to cut rates
- It's a risky bet that inflation expectations are sufficiently well-anchored and we can wait for core inflation to ease
- We need to prepare for a world where inflation is more likely to be volatile
- The idea that 3% inflation is 'close enough' can't be the BOE's guide
These are hawkish comments but that's not a surprise from Mann.