The best business advice, opinion, news and expertise in Greater Manchester and further afield.

Thursday, 10 September 2009

Interest rates held at 0.5%

by Chris Fletcher, Deputy Chief Exec.

There has been an increase in reports on the potential signs of economic recovery, however we remain to be convinced and believe there is some way to go in the recession.

The MPC's decision that rates should be held at 0.5% is the right one. There are still fundamental issues facing businesses and we are still receiving reports of businesses struggling to obtain loans from banks.

A stable platform has been provided by the base rates remaining constant, but we want to see this impact positively on businesses operating on the front line, before any changes to interest rates are made.

No comments:

Post a Comment