By Lea Pachta
The CBI today responded to the announcement from the Bank of England‘s Monetary Policy Committee (MPC).
Ian McCafferty, CBI Chief Economic Adviser, said:
“The Bank of England‘s decision to leave interest rates and its quantitative easing policy unchanged were expected, as the MPC will be waiting to see how the delicate economic situation develops.
“The news suggests that the economy is improving, but we still believe that growth this year will be modest.”
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