FILE PHOTO: General view of the Bank of England, in London, Britain October 31, 2021. REUTERS/Tom Nicholson
November 17, 2021
LONDON (Reuters) – British households, businesses and financial markets all remain confident that the Bank of England will return inflation to its 2% target, BoE policymaker Catherine Mann said on Wednesday, after official data showed inflation hit a 10-year high.
“We feel confident that they believe that the Bank of England can and will – those are important ingredients right, can and will – undertake the appropriate policies response to bring inflation back to 2%,” Mann told an online discussion hosted by J.P. Morgan Asset Management.
Mann voted this month to keep the BoE’s main interest rate on hold at 0.1% but was in a minority calling for an early end to the BoE’s 875 billion-pound ($1.18 trillion) government bond purchase programme.
($1 = 0.7429 pounds)
(Reporting by David Milliken; Editing by William Schomberg)
Source: One America News Network
