CBI responds to MPC decision
The CBI responded to the announcement from the Bank of England's Monetary Policy Committee (MPC) that it will keep interest rates on hold and the size of the asset purchase programme unchanged.
Katja Hall, CBI Chief Policy Director, said:
“With business surveys showing some strengthening in activity, change was unlikely this month.
“We expect fairly subdued conditions to continue in the coming months, but unless the economy falters, monetary policy seems likely to stay on hold.”