BoE MPC member Mann: Inflation has become entrenched

Mann's framing matters less as a rate signal than as a template for how central bankers are now talking about persistent inflation: not as a temporary shock but as something embedded in wage-setting behaviour. The 3.5% and 4% thresholds she cites are effectively behavioural triggers, suggesting policy tolerance for above-target inflation may be narrower than headline numbers imply. For RWA and crypto markets, the read-through is that the macro backdrop remains one of sticky price pressure rather than imminent easing, which keeps the correlation between digital assets and rate expectations intact. Whether other MPC members adopt similar language is the open question.