BoE's Mann: Monetary policy cannot offset cost-push shocks from energy prices
Bank of England (BoE) Monetary Policy Committee (MPC) member Catherine Mann said on Wednesday that the trade off between inflation and activity is becoming "increasingly stark," per Reuters.
The statement from BoE's Mann suggests that the central bank may struggle to control inflation due to rising energy prices, which could lead to a bearish sentiment in the GBP. Traders may anticipate further volatility in the forex market as the implications of cost-push inflation are digested.
Bank of England (BoE) Monetary Policy Committee (MPC) member Catherine Mann said on Wednesday that the trade off between inflation and activity is becoming "increasingly stark," per Reuters.
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