Bank of England policymaker Mann: She is prepared to raise interest rates if price pressures persist.

Bank of England decision-maker Catherine Mann stated that if inflation expectations and other price warning signals do not improve later this year, she is prepared for a "preemptive" rate hike. According to the text of her speech to be delivered in London later on Thursday, she expressed support for maintaining interest rates at 3.75% currently, but warned that inflation could become entrenched in prices. She will closely monitor data in the second half of this year to prevent rising prices from affecting wage agreements and inflation expectations. She said, "The trend in energy prices, behavior of profit margins, and the basis of wage negotiations for 2027 will be crucial in determining whether current cost pressures are becoming more deeply rooted." "I believe that if actual results, especially expectations, are not conducive to the development of underlying inflation, a preemptive action can help bring inflation expectations and outcomes closer to the 2% target."