BOE’s Mann argues for holding rates firmly until more evidence of diminished inflation

• I see the need for activist policy, rather than gradualist
• Activist policy means holding bank rate firmly until sufficient evidence of diminished inflation persistence, then can move forcefully
• I expect elevated volatility in macroeconomic variables over coming years
• US political developments have not made disorderly trade scenarios less likely and there will be consequences for the UK

The idea of ‘moving forcefully’ — even in the distant future — is surprisingly from Mann, who is an uber-hawk.

This article was written by Adam Button at www.forexlive.com.