Andrew Sentance begins by reviewing a wide body of evidence that suggests that growth has resumed. He sets out four elements to support this view: signs of growth across the global economy; positive news from a range of business surveys; improvements in consumer spending and confidence; and, an apparent levellingoff of unemployment. But he cautions that: ".though we have seen a wide range of signs of recovery.we are still in the very early stages of a resumption of growth."
Published on 16 November 2009
// News // Monetary Policy Committee (MPC)
Bank Rate maintained at 0.75% - September...
Bank Rate maintained at 0.75% - September 2019
// News // News release