0956 GMT - Sterling trims its losses while U.K. government bond yields rise slightly after Bank of England official Catherine Mann suggested interest rates would need to remain high. Mann was one of two BOE policymakers who preferred a larger 50 basis-point interest-rate cut on Thursday. Speaking at Leeds Beckett University Tuesday, she said data point to a "non-linear" fall in employment. This allowed her to look past a likely near-term inflation rise, but going forward she prefers gradual rate cuts. Observed inflation volatility "likely requires a higher Bank rate than otherwise," she said. Sterling rises to $1.2379 after the comments, from $1.2351 beforehand. The 10-year gilt yield rises to 4.482%, versus 4.471% beforehand, up 3 basis points on the day, according to Tradeweb. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
February 11, 2025 04:56 ET (09:56 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。