BOE's Mann: I would rather err on the side of over-tightening

<ul><li>If I am wrong and inflation and economy drop more significantly, I wouldn't hesitate to cut rates</li><li>It's a risky bet that inflation expectations are sufficiently well-anchored and we can wait for core inflation to ease</li><li>We need to prepare for a world where inflation is more likely to be volatile</li><li>The idea that 3% inflation is 'close enough' can't be the BOE's guide</li></ul><p>These are hawkish comments but that's not a surprise from Mann.</p>

This article was written by Adam Button at www.forexlive.com.