Summary
SCOTTISH Chambers of Commerce is calling on the Bank of England to follow the example of the US Federal Reserve by signalling an intention to keep UK base rates at a record low of 0.5% throughout next year.
The call from Liz Cameron, chief executive of Scottish Chambers, came after the Bank of England's Monetary Policy Committee said at noon yesterday it was holding rates at 0.5% and sticking with its pound(s)275 billion quantitative easing programme to boost UK money supply through purchases of Government and corporate bonds.See the full content of this document
Extract
Bank of England Urged to Fix Rates for a Year
Her suggestion coincided with the publication of forecasts from the European Union underlining the grim UK outlook. The EU slashed its UK growth forecasts for 2011 and 2012 to j...
See the full content of this document
Sponsored links
