United Kingdom

Details

  • Industry: Business Services
  • Type: Press release
  • Date: 13/08/2014

Bank of England points to lower interest rates  

 

Yael Selfin, Economics Director at KPMG comments on today’s Bank of England’s Inflation Report August 2014. She said:

 

“The productivity conundrum gives the MPC some potential leeway against the falling slack in the economy, while the assurance made by the Bank of England Governor that interest rates will remain relatively low in the longer term should reassure businesses and help support a pickup in investment.”

 

ENDS

 

 

Media enquiries:

 

Ann Burton, KPMG Press Office

020 7311 6497(t), 07467 339719 (m) or ann.burton@kpmg.co.uk

 

KPMG Press Office: 020 7694 8773

 

About KPMG

 

KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with approximately 11,500 partners and staff.  The UK firm recorded a turnover of £1.8 billion in the year ended September 2013. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 155,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such.

 

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