TechFlow news, on February 11, according to Jinshi News, after Bank of England (BoE) Monetary Policy Committee member Mann emphasized the need for restrictive monetary policy to tackle inflation, investors slightly lowered their expectations for a BoE rate cut in March. However, last week, Mann was one of only two out of nine BoE policymakers who unexpectedly voted to cut interest rates by 50 basis points instead of 25 basis points. Speaking at Leeds Beckett University, she said: "The key risk is that rising inflation in key goods such as food and fuel could trigger a second-round effect on domestic inflation." According to data from LSEG Refinitiv, following Mann's remarks, market expectations for a BoE rate cut in March fell to 27%, down from 29% previously.
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