Published Date:
15 May 2009
BUSINESS leaders are hoping the current historic low interest rates, left on hold again at 0.5 per cent by the Bank of England, will remain frozen for as long as possible.
Derbyshire and Nottinghamshire Chamber said that provided the Bank also succeeds in creating greater liquidity in the money supply, it should pave the way for brighter prospects for business.
Chamber president Phil Stanyer said: "The cost of borrowing is important and we hope the rates stay low for as long as possible: at present, the current slump in the economy is a more pressing challenge than the threat of inflation, which will probably return in due course.
"However, the availability of credit remains a key issue and help such as the Enterprise Finance Guarantee scheme is welcome."
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Last Updated:
15 May 2009 11:05 AM
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Source:
Buxton Advertiser
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Location:
Buxton
