11 January 2001, 16:24 BoE holds repo -- 4 (BRC disappointed; says cut needed to stimulate demand)
The British Retail Consortium, which had been calling for an
immediate cut in rates, was also disappointed by the decision, given
uncertainties on the high street.
"The underlying trend in retail sales growth remains low so the MPC
must reduce rates to stimulate domestic demand," the BRC said.
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