Last week the rate was cut from 4.75% to 4.5% with the prevailing wisdom suggesting that the threat of a return to higher inflation deterred the MPC from agreeing a large cut.

At 4.5 per cent, the bank rate is well above most estimates of the so-called neutral rate, the point at which monetary policy is neither expansionary nor contractionary. Inflation is close to target, ...

Catherine Mann, a member of the rate-setting Monetary Policy Committee, insisted a predicted rise in prices would likely just ...

Catherine Mann has said her decision to vote last week for a larger rate cut than most fellow members of the Bank of ...

Bank of England policymaker Catherine Mann said on Tuesday that her unexpected vote for a half percentage-point cut in ...