Deloitte's UK economist comments on today's interest rate decision has been saved
Deloitte's UK economist comments on today's interest rate decision
30 January 2020
Commenting on the latest interest rate decision, published today by the Bank of England, Debapratim De, UK economist at Deloitte, said:
“Given growing expectations of a rate cut this month, the overwhelming vote in favour of holding rates comes as a surprise. The post-election bounce in business sentiment, also reflected in our Deloitte CFO Survey, seems to have bought the Bank some time to assess how the real economy responds to a reduction in policy uncertainty.
“But, despite the rise in optimism, corporates continue to favour defensive strategies such as cost reduction over greater capital expenditure. Without a revival in demand, this improvement in sentiment may not translate into a pickup in activity.”
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