Bank of England’s Mann backed rate cut as she sees inflation ‘hump’ easing

Bank Of England policymaker Catherine Mann said there would be ‘strong headwinds’ over wages and prices. Photograph: Phil Noble/Reuters

The Bank of England policymaker Catherine Mann has said she backed a half-point cut in UK interest rates last week because she believes the downturn in the jobs market will make the inflation “hump” this year short-lived.

Mann surprised financial markets last week by switching from voting against the Bank’s last cut, in November, to supporting a half-point reduction.