✉news BusinessBanking first seen 1 d ago, last 16 h ago, peak #14
Bank of England's Mann says UK inflation is now embedded
Original: High inflation has become embedded in Britain, Bank of England's Mann says
Bank of England policymaker Catherine Mann said high inflation has become embedded in the British economy, a warning that price pressures may be more persistent than hoped. The comments come as the bank weighs how long to keep interest rates elevated, and they will fuel debate over whether Britain faces a longer inflation struggle than other advanced economies.
Why now: Markets and households are watching Bank of England signals closely as persistent UK inflation keeps interest-rate expectations in flux.
Bank of EnglandCatherine MannBritain
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