BoE’s Mann welcomes inflation data, wants improvement in underlying figures

Bank of England policymaker Catherine Mann expressed cautious optimism about recent UK inflation data in London on March 15, 2025, while emphasizing the need for stronger improvements in underlying economic indicators to ensure sustainable price stability. Mann's comments came as the UK's inflation rate showed modest signs of easing, though core inflation measures remain stubbornly high, suggesting that the battle against rising prices is far from over. The policymaker specifically highlighted concerns about persistent inflationary pressures in service sectors and labor markets, which continue to pose challenges for the Bank's monetary strategy. Mann's remarks signal that while some progress has been made in the fight against inflation, the Bank of England remains vigilant and prepared to maintain a tight monetary policy stance until more convincing evidence of underlying economic improvement emerges. Her comments reflect the central bank's delicate balancing act between supporting economic growth and ensuring that inflation expectations remain anchored at the 2% target.