Deloitte chief economist comments on today's interest rate decision has been saved
Deloitte chief economist comments on today's interest rate decision
19 September 2019
Commenting on the latest interest rate decision, published today by the Bank of England, Ian Stewart, chief economist at Deloitte, said:
“The Bank of England is conspicuously standing back from a global shift to cheaper money and placing more weight on the strength of the UK jobs market and consumer spending. The pace of the slowdown in the euro area and the US has surprised policymakers and triggered rate cuts. In the UK, despite Brexit uncertainties and softening corporate activity, the Bank of England thinks policy is about right.”
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