EEF reaction to MPC decision

Commenting on interest rates and the announcement that the Bank of England intends to extend its asset purchase programme, Lee Hopley, Head of Economic Policy at EEF, the manufacturers' organisation, said:

"Recent news confirms that the economy is not out of the woods yet and manufacturers continue to be hampered by tight credit conditions. The Bank’s decision to progress with its asset purchase programme is the right course of action. Lessons from history show the risks of turning off support too quickly."

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