Welcome to the Scottish Chambers of Commerce website

Loading
<< February 2012 >>
SuMoTuWeThFrSa
   1234
567891011
12131415161718
19202122232425
26272829   

Press Releases

Please use the calendar on the left to search our archives.
Thank-you.

SCC WELCOME EXTENSION OF QE

[ 09-02-2012 ]

Commenting on the decision by the Bank of England’s Monetary Policy Committee to increase Quantitative Easing by a further £50 billion and to keep interest rates on hold at 0.5%, Liz Cameron, Chief Executive of Scottish Chambers of Commerce, said: 

 
“It seems clear that inflationary pressures are receding and this has given the Bank of England the opportunity to extend its programme of Quantitative Easing further this month.  That is a sensible move at a time when the previous extension of the asset purchase scheme, announced last October, is coming to an end.  With continuing uncertainty facing the economy in the near term, this has to be the right decision.
 
“However at a more practical level for Scottish businesses, a key issue remains the easing of credit flow and the need for banks to meet their lending targets for small and medium sized businesses.  We look for further progress in this regard and, if necessary, the UK Government must step in to support both banks and businesses in meeting these objectives.”

back