Published by Global Banking & Finance Review®
Posted on February 19, 2026
1 min readLast updated: April 3, 2026
Add as preferred source on GoogleBoE policymaker Catherine Mann called recent UK inflation data good but said underlying measures haven’t improved enough. She doubts a near‑term 2% will be sustainable, signaling caution on rate cuts.
LONDON, Feb 19 (Reuters) - Bank of England interest rate-setter Catherine Mann said British inflation data published this week were "good numbers" although there had not been as much improvement in the underlying figures as the central bank had hoped to see.
"It's actually pretty hard to tell exactly what is the sustainable or underlying trend rate of inflation, and whether or not the 2% that we are ... likely to see coming forward in the next few months is in fact a sustainable 2%," Mann said in an interview with Kathleen Hays Presents: Central Bank Central, a podcast, which was published on Thursday.
(Writing by William Schomberg)
BoE MPC member Catherine Mann’s reaction to the latest UK inflation data, welcoming the headline figures while warning that underlying measures have not improved enough to ensure a sustainable 2%.
Her remarks imply caution on cutting rates soon, as the Bank of England wants clearer improvement in core and services inflation before concluding that 2% is durable.
In an interview on the podcast “Kathleen Hays Presents: Central Bank Central,” published on a Thursday with a London dateline.
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