LONDON, March 24 (Reuters) - Bank of England Monetary
Policy Committee member Catherine Mann on Friday said she voted
for a 25-basis-point rate rise this week rather than a bigger
increase because she saw signs that inflation expectations were
falling.
Mann said the BoE had raised interest rates more slowly than
she would have liked in 2022, but that she voted with the
majority for a quarter-point increase to 4.25% this week because
businesses' and consumers' expectations for future inflation had
dropped.
"A key factor for me in agreeing with and also voting (with)
the majority for a 25 basis point increase at the last meeting
... was that these forward-looking measures of price
expectations ... had started to moderate, which is exactly the
signal to me that my monetary policy is having an effect," she
said.
Mann was speaking at a panel discussion hosted by the
University of South Florida.
(Reporting by David Milliken; editing by William James)
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