Bank of England policy-maker Catherine Mann said high-frequency data is starting to show the UK and other major economies may be at a “turning point”.

In remarks today (February 6), Mann noted that inflation appears to be peaking in the UK though it does not show a clear downward move. Other indicators hint that such a move could be on its way – supply is moving below demand, while the ratio of job vacancies to unemployed people has also started to turn.

Similarly, the Organisation for