The Bank of England’s Monetary Policy Committee held fire as official data showed a surge in output of the UK manufacturing sector, which accounts for about 13% of the overall economy.
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Commerce chief hails Bank’s base rate hold MPC decision to maintain 0.5% level is welcomed
SCOTTISH Chambers of Commerce chief executive Liz Cameron welcomed the Bank of England’s decision to hold UK base rates at a record low of 0.5% yesterday – declaring the “real risks to our economy lie on the downside”.
