Markets await US inflation data for clues on Fed rate cuts. US inflation picks up to 2.6% 13:41 US inflation is bang in line with forecasts: the headline annual rate has picked up slightly to 2.

LONDON (Reuters) -High inflation in Britain has not been vanquished and it is more likely to overshoot than undershoot Bank of England forecasts over the medium term, BoE interest rate-setter Catherine Mann said on Wednesday. Mann cast the lone vote ...

High inflation in Britain has not been vanquished and there is a risk that some drivers of price growth could be heading upwards, Bank of England interest rate-setter Catherine Mann said on Wednesday.

Catherine Mann, an economist and member of the Bank’s Monetary Policy Committee (MPC), has said that the Bank of England will “move big” over cutting interest rates once inflation is under control. Mann said speaking at the Female Central Bankers panel at the BNP Paribas Global Markets Conference that she takes an “activist” stance on the MPC.