Bank of England committee member Manen said market volatility has caused her to no longer support further interest rate cuts.

Catherine Mann, a member of the Bank of England's interest rate-setting committee, stated that she changed her vote from supporting a significant rate cut to holding steady, as the recent market volatility has already lowered borrowing costs and provided ample easing of financial conditions. When explaining the shift in her stance at a recent Bank of England meeting, she pointed to changes in market pricing, "resilient" employment data, and rising commodity inflation. Mann also stated that she will not support further policy easing until she sees signs of deteriorating pricing power among businesses, and she remains cautious of businesses attempting to rebuild their profit margins that have been compressed in recent years.