EEF : Bank faces ongoing rate dilemma say manufacturers

Bank faces ongoing rate dilemma say manufacturers

Release date: 04/09/2008

The Bank of England continues to face a tough dilemma on interest rates. Business understands the decision to keep rates on hold in order to rein in inflation according to EEF, the manufacturer’s organisation.

Commenting, EEF Chief Economist, Steve Radley, said:

"So long as inflation remains stubbornly high, the Bank will continue to face a tough choice. But mounting evidence of a stagnating economy means the case for further cuts is growing."

Contact us:

EEF, the manufacturers' organisation - Broadway House - Tothill Street - London SW1H 9NQ
t: 020 7222 7777 f: 020 7222 2782 e: enquiries@eef.org.uk VAT registration number applied for

EEF Limited is the organisation for manufacturing, engineering and technology-based businesses. It is an employers association regulated under Part II of the Trade Union and Labour Relations (Consolidation) Act 1992 and a company limited by guarantee. EEF Limited is registered in England and Wales, registered no 05950172, and its registered office is Broadway House, Tothill Street, London, SW1H 9NQ