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2008
2006

Bank of England cuts interest rates to 5.25 percent


11th February 2008

Bryan Lovewell, Chief Executive for retra, said: “retra welcomes a rate cut at this time, which will encourage consumers to spend a little more on the high street.

“ Though a bigger rate cut would have given retailers a much-needed boost, we acknowledge that inflationary pressures must also be taken into consideration.

“ What retra hopes to see in the coming months is a small but steady series of interest rates cuts, designed to support and strengthen the UK retail market.”


For more information, please contact Louise Lloyd-Jones, Communications Executive for retra, on 01234 269110 or email louise.lloyd-jones@retra.co.uk




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