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Bank of England interest rate setter Catherine Mann said she voted to hold rates steady instead of supporting a large cut because the recent market volatility had already lowered borrowing costs and provided ample monetary easing. She attributed her shifting stance at the recent Bank of England meetings to changes in market pricing, resilient employment data, and rising commodity inflation. Mann also stated that she would not support further easing policies until she saw signs of deteriorating pricing power among businesses and remained cautious about businesses attempting to rebuild their compressed profit margins in recent years.