For immediate release 8 November 2007
STUC on Decision to Hold Interest Rates
Commenting on the Monetary Policy Committee's decision to hold interest rates at 5.75%, STUC Deputy General Secretary, Dave Moxham, said:
“The MPC’s decision is not unexpected. It is as yet unknown what the full impact of the global credit crunch will be in the UK, and the Bank must be ready to act at the first signs of an economic slowdown.”
ENDS
For further information, contact:
Dave Moxham – 07891 026 870