BoE's Mann: Signal from 5Y5Y inflation measures not troubling
|The Bank of England policymaker, Catherine Mann, was out with some comments in the last hour, saying that price growth for natural gas is pretty extreme, but need to look if it will continue.
Additional quotes:
- What happens to momentum for prices is critical in judging if inflation is transitory.
- The signal from 5Y5Y inflation measures is not troubling.
- She expects demand for goods to taper off.
- Financial markets have brought forward prospects for BoE tightening into 2022.
- This is not supportive of the inflation surge.
Market reaction:
The British pound had a rather muted reaction to the remarks and languished near multi-month lows, around mid-1.3500s against its American counterpart.
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