Higher rates will strengthen household spending - UK Bank policymaker

NAMPA / DPA
2025-10-09
London (PA Media/dpa) - Interest rates need to stay higher for longer to bring UK inflation down to its 2% target and therefore strengthen consumer spending, a Bank of England policymaker has said. Catherine Mann said it may seem "counterintuitive" to keep borrowing costs higher in order to boost growth, but it is necessary in light of persistent inflation. Mann, who is an external member of the Bank's Monetary Policy Committee (MPC), was discuss......
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