Speaking after the Monetary Policy Committee decided to hold interest rates at 5.25%, Stephen Boyd, Scottish Trades Union Congress (STUC) Assistant Secretary said:
“This decision was expected arriving as it does in advance of statistics that are widely anticipated to show another rise in inflation.
“However, the STUC believes that a cut in April is now necessary to address the immediate risks to growth from the deteriorating international situation”.
ENDS
For further information contact
Stephen Boyd 0141 337 8100