There were worries that recent strong rates of growth would lead to the Bank of England raising the rate of interest, but following yesterday’s announcement, (which held the rate constant at 6% for the sixth month in a row), there are hopes that the next move in interest rates will be downward rather than upward. Ian Peters, of the Association of British Chambers of Commerce has called on the Bank of England to “resist further rate rises unless there is clear evidence of significant inflationary pressures.”
Financial Times
