LONDON, Feb 23 (Reuters) - British businesses' and
households' inflation expectations for the year ahead remain too
high for the Bank of England to be confident about inflation
returning swiftly to its 2% target, BoE policymaker Catherine
Mann said on Thursday.
"We have an inflation problem. That's the bottom line," Mann
said in a question-and-answer session after giving a speech at
London's Resolution Foundation think tank where she spoke of the
continued need for higher interest rates.
"I don't think we are in a restrictive stance,
particularly," she added.
(Reporting by David Milliken; editing by William James)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.