MANCHESTER, England (Reuters) - The Bank of England is not at the point in its interest rate rising cycle where it needs to worry about the risk of over-tightening, Monetary Policy Committee member Catherine Mann said on Thursday.
"You have a lot of different ways of looking at it. My reading is we're not there yet," Mann said in a question and answer session after giving a lecture at Alliance Manchester Business School.
The BoE raised its main interest rate to 3.5% in December from 3%, and financial markets expect it to raise rates to 4% next month. Mann voted for a bigger increase to 3.75% in December.
(Reporting by Andy Bruce, writing by David Milliken)
Price
|
Change
|
5d. change
|
Capi.
| ||
|---|---|---|---|---|---|
| 0.7715 GBX | +0.06% | -1.33% | - | ||
| 0.5197 GBX | -0.30% | -1.46% | - | ||
| 0.5637 GBX | -0.02% | -1.73% | - | ||
| 0.00923 GBX | -0.01% | -2.13% | - | ||
| 0.8403 GBX | 0.00% | -0.63% | - | ||
