The Live Wire



Press Release

BRC COMMENT ON INTEREST RATES DECISION

04 August 2005

BRC, Director General, Kevin Hawkins says:

"The BRC welcomes the move by the MPC to reduce interest rates today, although it has been a long overdue decision.

"The cut in interest rates will take several months before it works through to consumer behaviour on the high street and needs to be reinforced by further reductions over the next few months if the economy continues to slow down."




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