THE AMERICA ONE NEWS
Jun 2, 2025  |  
0
 | Remer,MN
Sponsor:  QWIKET 
Sponsor:  QWIKET 
Sponsor:  QWIKET: Elevate your fantasy game! Interactive Sports Knowledge.
Sponsor:  QWIKET: Elevate your fantasy game! Interactive Sports Knowledge and Reasoning Support for Fantasy Sports and Betting Enthusiasts.
back  
topic
The Telegraph
The Telegraph
12 Aug 2024
Chris Price


Battle with inflation is not over yet, warns Bank of England official - latest updates

The battle against inflation is not yet over, an interest rate setter at the Bank of England has warned.

Catherine Mann, an external member of the Monetary Policy Committee, she said Britain must not be “seduced” into thinking that the pace of price rises had been contained.

She said she is still concerned that inflation will rise again despite it being brought back down to the Bank of England’s 2pc target over the last two months.

Speaking ahead of the release of data on wage rises this week, Ms Mann said that survey evidence suggested that companies were still expecting to make relatively big increases to both wages and prices, which “says to me right now I’m looking at a problem for next year”.

In the latest round of annual pay deals, “some people at the bottom got quite a bit of an increase, rightfully so, but the ones above them didn’t. Which means next year they will,” she told the Financial Times.

The latest data on wage increases will be published this week by the Office for National Statistics, as well as figures on inflation, growth in the economy and retail sales.

Read the latest updates below.