Bank of England’s caution “unsurprising”, but low interest rates are “storing up problems” warns the IoD
The Institute of Directors (IoD) has reiterated warnings about ultra-accommodative monetary policy after the Bank of England’s Monetary Policy Committee voted unanimously to hold interest rates at their record low level of 0.5%.
The IoD said that, while it’s important the Monetary Policy Committee remains “vigilant” about low inflation, the greater concern centres on keeping the economy growing and addressing potential asset bubbles.
To read the full article subscribe to The Paper here