IoD Wales response to Interest Rates
Commenting on July 8’s Monetary Policy Committee decision to keep interests rates unchanged, Institute of Directors regional director in Wales, Robert Lloyd Griffiths, said:
“The Bank was right to maintain interest rates and QE at current levels. The key broad money supply measure accelerated in June but it is too early to be clear whether or not this will be sustained. The UK economy is still extremely fragile, and with a severe fiscal tightening on the way it is essential for monetary policy to support the recovery.”
Tags: Institute of Directors, Interest Rates, IOD, MPC, Robert Lloyd Griffiths
