Part 3/9:
Katherine Mann: From Arch Hawk to Dissenting Dove
One of the most striking developments has been the stance of Bank of England voting member Katherine Mann, who epitomized hawkishness in central banking. Her recent vote in favor of a rate cut marks a decisive shift; she famously transitioned from opposing any rate cuts to advocating for a substantial 50 basis point reduction. This evolution indicates a recognition that the illusions of stability promised by prior economic data were just that—illusions.