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

Thursday, 4 November 2010

Interest Rates Held.

Commenting on today's decision to hold interest rates, Dr Brian Sloan, Head of Business and Economic Policy at Greater Manchester Chamber of Commerce, said: "Today's decision was not unexpected. Higher than expected growth figures will have weakened the argument for a further round of quantitative easing, though this may still be needed in the New Year. The argument for higher interest rates is not yet sufficiently strong as inflation, though over target, is stable."

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