Horns of a dilemma
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Magazine Article, Source : The Manufacturer
Zone : Leadership and strategy
Published : March 2008
Last month’s quarter per cent cut gets a mixed response from industrialists, but as Colin Chinery reports, it is not only interest rates that are worrying manufacturers
Interest rate is down to 5.25 per cent and there is another quarter point fall within sight. Good news for manufacturing, but Bank of England governor Mervyn King is fighting on the push-pull of two fronts and everyone knows his dilemma:will the rate...
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