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Bank of England's Catherine Mann warns inflation hurts central bank credibility

Original: BANK OF ENGLAND EXTERNAL MPC MEMBER CATHERINE MANN AT MCKINSEY PANEL: PERSISTENT ABOVE-TARGET INFLATION IS A PROBLEM FOR CENTRAL BANK CREDIBILITY

Catherine Mann, an external member of the Bank of England's Monetary Policy Committee, said at a McKinsey panel that persistent above-target inflation poses a problem for central bank credibility. Her remarks underline concern among policymakers that failing to return inflation to target quickly could erode public trust in monetary policy.

Why now: Markets and watchers are focused on central bank credibility as inflation remains above target.

Catherine MannBank of EnglandMcKinseyMonetary Policy Committee

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Evidence

• BANK OF ENGLAND EXTERNAL MPC MEMBER CATHERINE MANN AT MCKINSEY PANEL: PERSISTENT ABOVE-TARGET INFLATION IS A PROBLEM FOR CENTRAL BANK CREDIBILITY · TradingView

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