The Bank of England will defy inflation and hold interest rates at a record low this week, amid signs that Britain’s economic recovery is faltering.Read
The Bank of England has braced the country for weaker growth as rocketing energy bills and tough Government cuts continue to squeeze household spending.Read
The business community in Birmingham backed the decision to keep interest rates at a record low of 0.5 per cent, warning that the fragile recovery could not afford to suffer a setback. Read
Midland business leaders have welcomed the decision to hold interest rates after Bank of England policymakers resisted pressure to curb rising inflation.Read
Bank of England policymakers are expected to hold fire on interest rates this week and put back any increase until late summer as a consumer spending squeeze hits Britain.Read
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