PracticeConsultingCBI chief from KPMG urges Bank of England not to raise interest rates

CBI chief from KPMG urges Bank of England not to raise interest rates

The new boss of the CBI, KPMG partner Digby Jones, has urged the Bank of England not to raise interest rates this week in order to give economic growth a chance.

The plea, reported by PA, follows predictions by analysts that the Bank of England will raise rates by 0.25% to 5.75% when its Monetary Policy Committee meets on Thursday.

Jones said there are signs the economy is becoming active again, which bodes well for a good 2000, but added: ‘I think growth should be given a chance.’

ACCOUNTANCY AGE INTERVIEW: New CBI director general is a man of the people

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