Please find below a comment from John Woods, Chairman of Moneyfacts Group plc, on the Bank of
England's decision to keep base rate on hold at 0.50%.
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John Woods, Chairman of Moneyfacts Group plc, comments:
“The decision to continue to leave interest rates at these artificially low levels is regrettable. It is no good waiting for the economy to get better before raising interest rates. It has to be the other way around. The economy will not fully recover until we return rates to a sensible level.”
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