Register with Us
Search for a Job
Find Jobs in London
Find Jobs in Hertfordshire
Candidate Login
Your Feedback

Contact Us

London Office
tel: 020 7329 4044

Watford Office
tel: 01923 212444

No Placement No Fee

Our service doesn't cost you a penny unless we find you the right candidate
Businesses see interest rates held at 0.5% PDF Print E-mail
User Rating: / 0
PoorBest 
Latest Recruitment News - HR and Recruitment Legislation News
Written by DirectNews Feed   
Friday, 09 September 2011 00:00
Businesses see interest rates held at 0.5% Interest rates will remain at 0.5 per cent for at least another month, the Bank of England revealed yesterday (September 8th).

The monthly meeting of officials on the institution's Monetary Policy Committee resulted in the figure being held at this historically low level for the 30th consecutive month, professionals in finance jobs in London may be interested to note.

Prior to this summit, David Kern, chief economist at the British Chambers of Commerce urged the Bank to take this course of action in order to "underpin business confidence" as the country continues its recovery in the wake of the recession.

And chief economic adviser at the Confederation of British Industry Ian McCafferty has indicated this was the right decision due to the present financial situation in the UK.

However, he went on to suggest that policymakers should take an adaptable approach to the rate in the near future.

"The Bank must continue to monitor global developments very closely and be prepared to be flexible," the expert added.

Posted by Daniel Frost
 ADNFCR-3012-ID-800724160-ADNFCR
 

Add comment


Security code
Refresh

Latest Recruitment News

View all

Archive News

Latest Vacancies