Bank of England's Maan calls for interest rates to remain unchanged, emphasizing sticky inflation risks.

Bank of England Monetary Policy Committee member Mann said on Tuesday that borrowing costs need to be maintained at current levels for a longer period of time to prevent high inflation from persisting. Mann said, "It is more appropriate to maintain the stability of the benchmark interest rate at the current level," as her core forecasts show that price pressures will last longer. She pointed out that according to market expectations in the Bank of England's August forecast of two rate cuts in the second half of next year, the current policy "is not sufficient" to control inflation. "Maintaining stable rates currently is more sustainable in order to maintain the tight monetary policy stance necessary to curb inflation," she said. "But if the downside risks to domestic demand begin to materialize, I am prepared to take strong policy measures to cut rates more significantly and quickly." As one of the most hawkish members of the Bank of England, Mann earlier this month opposed a 25 basis point rate cut along with three other members.