BoE's Mann: Sterling and Gilt Market Moves Guide Future Rate Decisions
Bank of England's Perspective on Market Movements and Policy Decisions
Recent Gilt Market Developments
LONDON, May 13 (Reuters) - Bank of England rate setter Catherine Mann on Wednesday said the financial landscape was relevant to future rate decisions, when asked about recent moves in the gilt market driven by political drama in London.
Impact of Political Events on Gilt Yields
British government 10-year gilt yields hit their highest since 2008 on Tuesday in response to pressure on Prime Minister Keir Starmer to resign from members of his Labour Party, before falling back slightly on Wednesday.
Catherine Mann's Statement on Financial Landscape
"With regard to the 10-year yield and exchange rates, I take the financial landscape as a key factor in my decision-making," she said in a question and answer session after giving a speech at the London School of Economics.
Reporting Credits
(Reporting by David Milliken, writing by William James; Editing by Chizu Nomiyama)
