Interest rates kept at 0.5 per cent

From The Publican

Start a new threadBy Hamish Champ , 08-Oct-2009

Related topics: General News, Company & City News

The Bank of England had held interest rates at 0.5 per cent for the seventh month in a row.

 

Some analysts expect rates to remain at current levels until well into next year.

 

The decision to keep rates as they are was expected and came as the Bank said it would continue to pump up to £175bn into the UK economy to stimulate recovery through its programme of quantitative easing.

 

It is believed official figures to be released later this month will reveal that the country's economy has finally emerged from recession.

 

Noting the Bank's decision to peg rates, Dr Helen Hill, policy director at the London Chamber of Commerce and Industry, said: "With a double dip recession still a much greater threat than runaway inflation, the only sensible option was to keep rates on hold.

 

"The business community is not expecting the [Bank of England] to make any bold changes in rates in the coming months while the UK's economic recovery remains tentative."

Find us on Facebook

Spotlight

Q&A: New pub food allergy requirements

Q&A: New pub food allergy requirements

Whether or not you serve food in your pub, the balance between your culinary and administration skills...

5 of the Best Summer Drinks Trends in 2014

5 of the Best Summer Drinks Trends in 2014

Being obsessed with the weather is a very British thing. However, sunshine sells drinks, so it’s also...

BBQ menus ideas for pubs
Expert Insights

Expert Insights - BBQ Menus

Elliot Kuruvita looks at BBQ menu ideas from this year’s British BBQ Battle finalists

Morning Advertiser Jobs: The new online job board for the licensed trade

Morning Advertiser Jobs: The new online job board for the licensed trade

The Publican’s Morning Advertiser has launched a new online platform with everything you need to know about...

Follow us on