Commenting on today's decision by the Bank of Englands Monetary Policy Committee (MPC) to leave interest rates unchanged at 0.5 per cent, Dr Ros Altmann, director general of Saga said:Tuesday 15 February 2011
Commenting on today's decision by the Bank of Englands Monetary Policy Committee (MPC) to leave interest rates unchanged at 0.5 per cent, Dr Ros Altmann, director general of Saga said:
"It’s disappointing that the Bank of England has once again ignored the warning signs. With the UK economy showing every intention of shrugging off December's poor GDP figures, and with high and ever increasing inflation strengthening its already firm grip on the UK economy, the MPC has missed yet another opportunity to signal that it really is serious about controlling inflation, as well as giving savers at least some crumb of comfort that their suffering may be nearer an end.'
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