Chamber welcomes overhaul on rates

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An overhaul of interest rate policy has been welcomed by Derbyshire’s chamber of commerce.

The Bank of England’s rate policy will now be determined not just by unemployment, but by a wider range of indicators, it was announced.

Chris Hobson, Head of Information and Representation at the Derbyshire, Nottinghamshire and Leicestershire Chambers of Commerce, said: “This clarification brings added certainty to firms at a crucial stage in the recovery.

 

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