Interest rates will need to rise again, warns Bank of England rate-setter

Catherine Mann: ‘We have an inflation remit, and we will achieve it one way or another.’ Photograph: IBL/Rex/Shutterstock

Interest rates will need to rise again to prevent inflation becoming a persistent problem in the UK, a Bank of England policymaker has warned.

A shortage of workers and high wage demands were likely to continue pushing up inflation, acting as a counterweight to falling energy prices, said Catherine Mann, a member of the Bank’s monetary policy committee (MPC), which sets the base rate.