Interest rate held at 3.75% adds to uncertain trading climate fears amid Middle East conflict
The East Midlands Chamber has said the Bank of England’s decision to keep the interest rate unchanged at 3.75% could increase anxiety of firms looking to borrow, alongside fears of a rising fuel prices and higher inflation resulting from the Middle East conflict. East Midlands Chamber Director of Policy and Insight Richard Blackmore said: “With concern over the potential for inflation to rise toward 3% this year as a result of the Middle East conflict, instead of reaching the Bank […]
