Rising goods prices could delay UK interest rate cuts, says Bank policymaker - short news
Bank of England’s Catherine Mann wary of firms looking to rebuild profit margins after a squeeze
Businesses will need to show they are keeping a lid on prices before there can be further interest rate cuts, according to the Bank of England interest rate-setter Catherine Mann.
In a warning to retailers and consumer goods companies to resist pushing up prices by more than the increase in their costs, Mann said she was wary of firms looking to rebuild their profit margins after a..
source: The Guardian - 14.05.2025