THE Bank of England Monetary Policy Committee's decision to make a further cut in interest rates to 5.25 per cent has been welcomed by Bolton and Bury Chamber of Commerce.
Chief Executive Andrew Ratcliff said: "This is a very welcome move by the Bank, which will boost confidence at a time of economic uncertainty.
"It will add further insulation against the US slowdown and the wider impact of foot and mouth.
"A cautious cut at this stage should leave the Bank free to cut rates further in the coming months."
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