BOE Mann: BOE should hold rates longer to evaluate persistence

BOE Mann (hawk) says:

• BOE should hold rates longer to evaluate processes
• Can make larger changes when justified by evidence
• Waiting for changing underlying inflation dynamics.
• I’m still saying a tremendous amount of persistence.
• 100 basis points of cuts to aggressive for me

This article was written by Greg Michalowski at www.forexlive.com.