Bank of England official Catherine Mann welcomes inflation drop but warns on underlying trends
Catherine Mann welcomed recent inflation data today but noted underlying figures need work. She questioned if the return to the two percent target is sustainable.
Bank of England interest-rate setter Catherine Mann said on Thursday that while recent headline British inflation data looked 'good', underlying measures have not improved as much as the central bank expected. Speaking as a sitting rate setter, Mann noted that this gap makes it harder to judge whether a near-term move to 2% inflation would represent a sustainable underlying trend for the United Kingdom 
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GB.The remarks, which served as a timely reaction to this week's inflation data, were made during an appearance on the Kathleen Hays Presents: Central Bank Central (podcast). Mann explained that while the headline figures were positive, the lack of expected progress in underlying inflation figures complicates the Bank of England's assessment of long-term price stability.
