Bank of England committee member Mann stated that market fluctuations have led her to no longer support further interest rate cuts.

Catherine Mann, a policymaker at the Bank of England, stated that she voted from supporting a significant rate cut to keeping rates steady, as the severe market volatility has lowered borrowing costs and provided sufficient easing to financial conditions. While explaining her fluctuating stance at recent Bank of England meetings, she pointed to changes in market pricing, "resilient" employment data, and the rise in Commodity inflation. "The market has already given me 75 basis points of easing; I only asked for 50 basis points," Mann said in an interview on Wednesday morning. For most of last year, this former Citigroup economist was regarded as the most hawkish figure among Bank of England officials. However, her sudden support for a significant rate cut of 50 basis points in February caught investors off guard. Subsequently, she voted to keep rates unchanged at the meetings in March and May, even though her colleagues voted to cut rates by 25 basis points in the most recent meeting, which once again attracted the attention of observers of the Bank of England.