BoE’s Mann says policy in the US is a contributing factor to high volatility in UK assets

Catherine Mann is a member of the Monetary Policy Committee at the Bank of England, speaking at an event in Washington, DC:

• policy in the US is a contributing factor to high volatility in UK assets
• the 10 year gilt is being impacted heavily by spillover from the US
• QT can offset some of the impact of Bank of England rate cuts on the long end

The full text of Mann’s speech can be found at the Bank’s website:

• Quantitative tightening and monetary policy stance

This article was written by Eamonn Sheridan at www.forexlive.com.