Bank of England policymaker pledges to ‘move big’ when ready to cut rates

A Bank of England policymaker has said she will ‘move big’ on interest rate cuts (John Walton/PA) - (PA Wire)

A policymaker at the Bank of England has said she will “move big” on interest rate cuts when it is clear that persistent pressures on UK inflation have been eliminated.

Catherine Mann, an economist and member of the Bank’s Monetary Policy Committee (MPC), has not yet opted to reduce rates.