IoD warns businesses face stronger economic headwinds
The Institute of Directors has responded to the Bank of England’s interest-rate decision. Its chief economist warned that businesses and households face uncertainty over demand, inflation and energy prices.
Issued by Institute of Directors, London ·
The Institute’s statement reports an 8-1 Monetary Policy Committee decision to raise rates to 4%, with one member favouring a larger increase. Chief economist Anna Leach highlighted inflation expectations, services inflation and wage growth. She also described uncertainty over household and business resilience and future energy costs. The release presents the Institute’s assessment of the balance between fragile demand and inflationary pressure. Its forecasts and judgements are attributed to the organisation, not presented as independently established outcomes.
- Ends -
About Institute of Directors
This is an attributed summary selected by FreePressReleases.uk, not submitted by or endorsed by the named organisation. See the original source above.
Concerned about this release? Contact us via the about page and quote reference d22903bb.