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[The Bank Of England's Most "hawkish" Member: The Risk Of Weak Demand Outweighs The Risk Of Inflation, And Supports A Substantial Rate Cut] Bank Of England Monetary Policy Committee Member Mann Said She Supported The Bank Of England's Substantial Rate Cut Of 50Bp Last Week Because She Believed That As Consumers Cut Spending, It Would Be Difficult For Businesses To Raise Prices. Mann Said That Demand Conditions Are Much Weaker Than Before, Which Means That Further Easing May Be Needed Because Fragile Pricing Power Will Permeate Into Lower Inflation. Mann Was Originally One Of The Most "hawkish" Members. She Opposed Rate Cuts Last Year Due To Persistent Inflation Risks. But Now She Says That The Situation Looks Different Now. "To The Extent That We Can Communicate The Financial Conditions That We Believe Are Appropriate For The UK Economy, A Larger (rate Cut) Move Is, In My Opinion, A Better Means Of Communication," Mann Said
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