Bank Experts Fear ‘False Dawns’

(Press Association) – BANK OF ENGLAND RATE-SETTERS are fearful of ‘false dawns’ despite more positive signs for the struggling UK economy, it has been revealed.

The Bank’s Monetary Policy Committee (MPC) voted unanimously to keep interest rates at their 0.5% record low and continue with its £175 billion programme to boost the money supply at its meeting two weeks ago.

Although rising house prices and stock markets gave ‘promising indications,’ rate-setters are worried over an ‘uncertain’ recovery.

‘The lesson from previous financial crises was that they were not resolved quickly, and that there could be false dawns,’ minutes of the meeting said.

Advertisements
%d bloggers like this: