BoE’s Mann Says Inflation Has Eased but Remains Problematic

Bank of England Monetary Policy Committee member Catherine Mann said on Tuesday that UK inflation has declined "quite a bit" but remains above the central bank’s 2% target and continues to pose a challenge for policymakers. Speaking at an event in London, Mann emphasised that monetary policy must remain focused on returning price growth to the target, adding that the cost-of-living outlook still requires vigilance despite recent progress.