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Bank of England monetary policy committee member Mann: The monetary policy in the Bank of Englands August interest rate path is "not tight enough."
Bank of England Monetary Policy Committee Member Mann: At present, in order to maintain the tight monetary policy stance needed to combat persistent inflation, it is appropriate to maintain the bank rate for a longer period of time.
Bank of England Monetary Policy Committee Member Mann: Wage setting is an important reason for high inflation in the UK.
Bank of England Monetary Policy Committee Member Mann: The scenario of persistent inflation means that the policy path will be significantly tighter than the market curve reflects, but this does not fully represent my view.
Bank of England Monetary Policy Committee Member Mann: Both short-term and long-term household inflation expectations are rising.