6 June 2001, 15:51 UK TUC says disappointed by BoE decision to hold rates
LONDON (AFX) - The TUC said the Bank of England Monetary Policy
Committee's decision to leave interest rates at 5.25 pct is
"disappointing" news for manufacuring in Britain.
TUC senior economist, Ian Brinkley said: "British manufacturing
badly needs a cut in rates to restore confidence."
"The Bank is taking an unnecessary risk when the global economic
outlook is so uncertain," he added.
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