From strongly supporting a significant interest rate cut to standing still, Bank of England official Mann explains the "about-face" logic.

Financial Intelligence APP learned that Catherine Mann, a policy maker at the Bank of England who had previously supported significant interest rate cuts, advocated for a pause in rate cuts at last week's policy meeting, which surprised Bank of England officials. In response to this, Catherine Mann explained on Wednesday that her change in stance was due to significant market volatility leading to lower borrowing costs, effectively easing financial conditions.