No interest rate cut from 3.75% means no relief yet for businesses looking to borrow
The Bank of England’s announcement to hold the interest rate at 3.75% could add to the frustration of firms looking to invest to grow by borrowing, the East Midlands Chamber has said. East Midlands Chamber Director of Policy and Insight Richard Blackmore said: “With inflation having remained static at 2.8% in the latest data published this week, it was generally expected the Bank of England would not announce any cut in the interest rate just yet. For businesses looking to […]
