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The Guardian - UK
The Guardian - UK
Business
Phillip Inman and Graeme Wearden

Battle against UK inflation is far from over, says Bank of England policymaker

Bank Of England monetary policy committee member Catherine Mann
Bank Of England monetary policy committee member Catherine Mann opposed this month’s cut in UK interest rates from 5.25% to 5%. Photograph: Bloomberg/Getty Images

The UK should not be “seduced” into thinking the battle to calm inflation is over despite price rises easing to the Bank of England’s target, according to an interest rate setter at the central bank.

Catherine Mann, a member of the Bank’s monetary policy committee, said the underlying price pressures in the economy remain strong and showed that the central bank needed to take a tough stance when it sets interest rates.

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