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Press Release

BRC COMMENT ON INTEREST RATE DECISION

8 September 2005

BRC Director General, Kevin Hawkins says:

"The BRC is disappointed, but not surprised, the MPC did not take the opportunity to reduce interest rates today, in light of the continuing slow down in consumer spending. Last month's reduction, while welcome, is still going to take some months to work through to the consumer and have any positive effect. At least one further cut between now and Christmas is crucial if we are to see any change in the current underlying trend - not just in the interest of retailers, but also for the wider economy."



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British Retail Consortium

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