Praise for Rates Hold

Summary


BUSINESS leaders in Birmingham backed the decision by the Bank of England to keep interest rates at an historic low of 0.5 per cent - but warned of the dangers of a "damaged" recovery.

The Bank of England's Monetary Policy Committee also resisted pumping more money into the economy through quantitative easing following higher than expected third quarter GDP growth of 0.8 per cent.

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Extract


Praise for Rates Hold

Katie Teasdale, Head of Policy at Birmingham Chamber of Commerce Group, said: "We welc...

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