Bank keeps interest rates on hold

Link: More finance woes for Broiwn

The committee’s decision to leave interest rates unchanged at 4% came despite the US Federal Reserve’s decision to cut its rate by a half percentage point.

The Forum of Private Business said it was ‘slightly’ disappointed at the decision.

‘We are slightly disappointed at this decision as a small cut would have been welcomed by our members,’ said Nick Goulding, FPB chief executive.

‘However, the unchanged rate does help to maintain a stable economy which is the key to the national and regional pursuit of economic competitiveness which will ensure British small businesses continue to be “world class” enterprises.’

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