"We may well be entering a very different regime where we are going to have to work much harder as central banks in order to rein in and tighten in the distributions that firms are facing when they are making their pricing decisions," she said. Mann was speaking at an event hosted by Washington's Peterson Institute for International Economics. Earlier on Thursday, the Bank of England raised its main interest rate to 4.25% from 4%, a decision which Mann voted for. (Reporting by Howard Schneider, writing by David Milliken, Editing by Angus MacSwan)
WASHINGTON, March 23 (Reuters) - Central banks may face
a hard task in limiting the impact of factors such as currency
volatility which can lead to businesses raising prices in an
inflationary way, Bank of England policymaker Catherine Mann
said on Thursday.
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.