BOE Mann : Recent geopolitical events have reinforced how exposed the UK economy is

BOE Monetary Policy Committee member Mann highlighted the UK's vulnerability to international shocks due to recent geopolitical events. He noted that new financing sources for the UK's current account deficit present complexities. A tighter monetary policy could lead to unintended domestic financial volatility. Mann emphasized that monetary policy cannot mitigate cost-push shocks from energy prices, and the trade-off between inflation and economic activity is becoming more pronounced. His overall tone was hawkish, prioritizing inflation concerns despite acknowledging growth risks.