"On the whole the increasing availability of debt is beneficial. Debt helpfully allows households, companies and even countries to smooth their spending patterns. But as with many things in life, there are potential downsides." The Bank, he notes, considers debt from the point of view both of financial and monetary stability.
Published on 23 March 2004
// News // Monetary Policy Committee (MPC)
Bank Rate maintained at 0.75% - September...
Bank Rate maintained at 0.75% - September 2019
// News // News release