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Monetary Policy Committee Drops Interest Rates to 2%

4th December 2008 | back to article listings BACK    print this article PRINT

Stuart Law, Chief Executive of Assetz, comments on the Monetary Policy Committee’s decision to drop interest rates to 2%:

"This latest drop in interest rates will help reduce the duration and depth of the recession and reduce future Government borrowing.

"However, public awareness is growing that the Bank of England has left it far too late to avoid a recessionary period. Even the MPC's own members are rebelling by admitting they failed to act in time to protect the economy from the worst of the downturn. I will not be surprised if base rates end up at 0% in spring 2009.”

 

This is a press release by Assetz also available at http://press.assetz.co.uk/articles/4541.html. Alternatively, please see our full press release archive.

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