Bank of England policymaker says rates could rise again in May

Catherine Mann argues that soaring energy and food prices will persist even if consumer demand weakens

A senior Bank of England policymaker has said Britain's central bank could raise rates again next month to combat the risk of high inflation persisting into 2023.

Catherine Mann, a former Citigroup economist who joined the BoE's nine-strong monetary policy committee (MPC) last year, said on Thursday that soaring prices of energy and food will persist next year, even if consumer demand weakens.