BoE’s Mann: Voted to hold rates in May as labour market had not loosened as much I expected in Feb

Bank of England (BoE) policymaker Catherine Mann is testifying on the May Monetary Policy Report (MPR) before the UK Parliament’s Treasury Select Committee (TSC) on Tuesday. 

Key quotes

Voted to hold rates unchanged in May as labor market had not loosened as much as I expected in February.

Services price inflation above what I view as consistent with getting CPI back to target.