BOE's Mann Says MPC Should Move Slowly Then Cut Aggressively

BOE's Mann Says MPC Should Move Slowly Then Cut Aggressively

Catherine Mann from the Bank of England prefers keeping rates high longer before aggressive cuts to tackle inflation risks. She believes the neutral interest rate is higher than BOE models suggest, making current policy less restrictive. Mann suggests staying restrictive until inflation risks dissipate, then cutting rates more aggressively.

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