Too soon to change interest rates – despite fall in inflation
A fall in inflation in December need not set the trend for the remainder of the year, businesses in Greater Birmingham have been told.
Figures from the Office for National Statistics show that the rate of inflation fell back to 3% last month - mainly due to a fall in the prices of games and toys. This helped offset a rise in air fares.
Despite the fall, the Greater Birmingham Chambers of Commerce (GBCC) has urged the Bank of England to hold back from any change to interest rates.
It said stagnant wage growth was still having ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
