Interest rate held at 3.75% prolongs wait for businesses looking for better borrowing rate
For businesses looking to borrow to invest and grow, East Midlands Chamber has said the Bank of England’s decision to keep the interest rate unchanged at 3.75% will maintain a sense of stability but add frustration for those hoping for an improved rate. East Midlands Chamber Director of External Affairs Richard Blackmore said: “With inflation having risen even further from the Bank of England’s target of 2%, and now at 3.1%, businesses looking to borrow, to invest to grow, may […]