IoD Interest Rate response

Dated: 4 March 2010

Commenting on the MPC decision, Graeme Leach, Chief Economist at the Institute of Directors, said:

“A month is a long time in economics. We remain concerned about the outlook for GDP growth, and if we’re right, further quantitative easing is on the cards in April/May. Until money supply growth accelerates we cannot be confident that a sustained recovery is in place”.

ENDS

Contact Points

Edwin Morgan
Communications and Policy Officer
Institute of Directors, 116 Pall Mall, London SW1Y 5ED
Tel: +44 (0)20 7451 3392
Mob: +44 (0)7814 386 243
Email: edwin.morgan@iod.com
Website: www.iod.com/policy

Notes to editors

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