THE LEADING PUBLICATION FOR THE HOSPITALITY SECTOR & LICENSED TRADE Issue 185
www.CLHNews.co.uk
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Sector Expresses Concern as Interest Rates Remain Unchanged...
The Bowden Group Hospitality Business Mentoring since 1989
...But Could Rise Again, says Bank remains restrictive.
• MICROWAVES • EXTRACTION CANOPIES •
The Bank of England‘s governor Andrew Bailey has said there is “no room for complacency“ after he and colleagues voted to keep interest rates unchanged at 5.25 per cent.
too high.
RECONDITIONED & SECOND USER CATERING EQUIPMENT
At a press conference he said: “Inflation is falling, and we expect it to keep falling this year and next. Our increases in interest rates are working to bring inflation back to the 2% target.
EKE EQUIPMENT LIMITED • We have a comprehensive range of Re-conditioned Catering Equipment in stock • We can supply most of the markets leading names in New Equipment at competitive prices • Full Service & Installation facilities by fully qualified engineers • We can also supply modular fridge & freezer rooms
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Tel: 01273 492488
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COOKERS • ICE MACHINES • FRYERS • SLICERS
DISHWASHERS • GLASSWASHERS • REFRIGERATION
The Bank of England has left rates unchanged for the second time in a row at 5.25%, their highest level for 15 years.
• TOASTERS • STAINLESS STEEL SINKS & TABLING •
“So today we have voted to maintain Bank Rate at 5.25%. Monetary policy
“Let me be clear, there is absolutely no room for complacency. Inflation is still
The Bank also expects the pace of price rises to fall sharply in coming months.
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