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Monetary Policy Committee holds interest rates at 5.25%

6th March 2008 | back to article listings BACK    print this article PRINT

Commenting on the Monetary Policy Committee’s decision to hold interest rates at 5.25%, Stuart Law, Chief Executive of Assetz, says:

"The Bank of England is ignoring the clear and present danger of the credit crunch gaining ground by yet again delaying a base rate reduction.

“We are again seeing a tightening up in the credit markets and action today was much needed. I would strongly urge the MPC to agree a full 0.5% drop at next month’s meeting.”

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