BoE’s Mann says UK inflation is less of a threat, prices coming close to 2% target

Bank of England Monetary Policy Committee member Mann in the Financial Times, Reuters with the main points:

UK inflation is becoming less of a threat as corporate pricing power weakens, says a Bank of England official.
Bank of England’s Catherine Mann: “I can see pricing coming very close to [2 percent] target-consistent [levels] in the year ahead.”
Bank of England’s Catherine Mann: “Demand conditions are quite a bit weaker than has been the case — and I have changed my mind on that.”

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