Bank of England holds interest rates at 5 per cent
The Bank of England's Monetary Policy Committee has decided to hold interest rates at their current level of 5 per cent CBI director Richard Lambert commented: "The latest data show the slowdown in UK economic activity gathering pace, and business and consumer confidence falling further.
TheBank of England’s Monetary
Policy Committee has decided to hold interest rates at their
current level of 5 per cent.
TheCBIsaid the Bank of England
has taken a “wait and see” approach. CBI director Richard
Lambert commented: “The latest data show the slowdown in UK
economic activity gathering pace, and business and consumer
confidence falling further.
