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News & Blog

Read the latest business news, blogs and thought leadership articles from our members, as well as updates on the Edinburgh Chamber of Commerce's work in the city.

News & Blog

British Chambers of Commerce: Low interest rates key to sustaining business and consumer confidence

Posted: 4th February 2016

 Commenting on today’s interest rates decision by the Bank of England’s Monetary Policy Committee, David Kern, BCC Chief Economist, said:

 “The MPC’s decision to maintain current rates wasn’t surprising given the turmoil seen in global financial markets in recent months.

“The slowing pace of wage growth in recent months provides further evidence that UK inflationary pressures remain muted, which along with weakening growth in China and the US strengthens the case for the Bank of England to persevere with its current low interest rates policy for the foreseeable future.”

Business Comment

Business Comment is the Edinburgh Chamber of Commerce’s bi-monthly magazine. It provides insight on Edinburgh’s vibrant business community, with features on the city’s key sectors, interviews with leading figures and news on new business developments in the capital.
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