Mann says gilt and sterling moves affect rate decisions
Bank of England policymaker Catherine Mann says sterling and gilt moves are key for rate decisions. This follows recent volatility in the British gilt market.
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Bank of England policymaker Catherine Mann said Wednesday that recent volatility in gilt yields and GBP/USD will influence her upcoming interest rate votes. 10-year gilt yields in the United Kingdom reached their highest level since 2008 on Tuesday. Market instability driven by political pressure on Prime Minister Keir Starmer complicates the central bank's path toward monetary easing.
