NEWS RELEASE
Thursday, 4th August 2005 For immediate release
STUC welcomes Bank of England's decision to cut interest rates
The STUC today welcomed the MPC's decision to cut interest rates to 4.5%
STUC General Secretary Bill Speirs said:
"The STUC welcomes decision of the MPC to cut interest rates to 4.5%. The housing market is cooling down and inflation is stable so this is a sensible decision which will be hopefully a shot in the arm for Scottish Manufacturing."
ENDS
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