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12 May 2016

Interest rates decision provides some stability

Commenting on the Bank of England’s decision to leave interest rates on hold at 0.5%, Mike Cherry, National Chairman at the Federation of Small Businesses (FSB), said:

“Small firms are currently facing a great deal of global economic uncertainty and market volatility. This can be challenging to navigate as they look to plan for the future and invest in their businesses.

“Our own research shows that small business confidence [1] is at its lowest level since 2013. Alongside a sustained period of low inflation, today’s decision from the Bank of England will provide some much-needed stability for our members and all businesses.”