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."