BOLTON and Bury Chamber has welcomed the Bank of England Monetary Policy Committee's decision to hold interest rates at four per cent.
Andrew Ratcliff, Chief Executive of the Chamber, said: "Holding interest rates will help stabilise the economic environment in which local businesses operate.
"The manufacturing sector still faces tough challenges.
"It is doing its best to adapt to a tough climate affected by global slowdown and will welcome the continued assurance of low interest rates."
He added: "Prices in a number of industries are, however, falling, so the Bank must be wary of the threat of deflation, which could pose a serious threat."
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereComments are closed on this article