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Bank of England policymaker Catherine Mann has warned that high UK inflation has become persistent, aligning with a sticky scenario previously considered by officials.
In a recent speech, Mann highlighted how inflation remains elevated despite efforts to curb it, potentially requiring sustained higher interest rates.
This comes as the UK economy shows signs of slowing growth in the second quarter after a rapid start to 2025, with official figures indicating a 0.3% expansion.
The persistence raises concerns for households facing higher costs in energy, food, and housing.
Mann's comments underscore the challenges for the BOE in balancing inflation control with economic support.
As Chancellor Rachel Reeves prepares the budget, this could influence fiscal decisions.
Analysts suggest this scenario might delay rate cuts, impacting mortgages and borrowing.
The BOE's stance reflects broader global trends where post-pandemic recovery and geopolitical tensions fuel inflation.
UK consumers and businesses are advised to brace for prolonged high prices, with calls for targeted support for vulnerable groups.
This development adds pressure on the Labour government to deliver on economic promises amid rising populist sentiments.
Full details from Reuters report on September 30, 2025.