Catherine L. Mann, external member of the Bank of England’s Monetary Policy Committee, has stated that current monetary policy is not sufficiently restrictive. She maintains her position in favor of higher interest rates to prevent inflation from becoming entrenched. The Bank of England keeps its Bank Rate at 3.75%, with Mann having voted for a 25 basis point increase in both July and September 2026. Market expectations for a November rate cut are nearly zero, with only a 0.1% probability. Market participants interpret her comments as a signal of continued hawkish sentiment within the MPC.
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