LONDON, Oct 14 (Reuters) - The Bank of England can hold off on raising interest rates because investors are tightening monetary conditions by betting on future rate hikes in Britain and the United States, BoE interest rate-setter Catherine Mann said.
“This means that there’s a lot of endogenous tightening of financial conditions already in train in the UK. That means that I can wait on active tightening through a Bank Rate rise,” she said on Thursday.
Mann was speaking during an online discussion organised by the Euro50 Group which debates European economic and financial policy issues. (Reporting by David Milliken Writing by William Schomberg)
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