Commenting on today’s decision by the Bank of England, Ms Lee Hopley, Chief Economist at EEF, the manufacturers’ organisation said:
“This decision is no surprise and all eyes will now be focused on next month when the Bank will have made its next round of forecasts. By then we will also have a clearer idea of how last year ended as well as the prospects for the year ahead. Although the risks from the ongoing crisis in the Eurozone have not changed appreciably since the Bank last made a move, the damage being done by continued uncertainty means another round of asset purchases looks increasingly likely.”