Recovery Could Be Held Up by Woes of Banks, Warn Experts ; Public Placing Emphasis On Saving Cash
Western Mail › September 24, 2009
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Summary
BANK of England rate-setters are fearful of "false dawns" despite more positive signs for the struggling UK economy, it was revealed yesterday.
The Bank's Monetary Policy Committee (MPC) voted unanimously to keep interest rates at their 0.5% record low and continue with its pounds 175bn programme to boost the money supply at its meeting two weeks ago.See the full content of this document
Extract
Recovery Could Be Held Up by Woes of Banks, Warn Experts ; Public Placing Emphasis On Saving Cash
Although rising house prices and stock markets gave "promising indications", rate-setters are worried over an "uncertain" recovery.
"The lesson from previous financial cris...See the full content of this document
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