Institute of Directors: Bank has ‘jumped the gun’ with interest rate rise
Responding to the Bank of England’s decision to raise interest rates to 0.75%, Tej Parikh, Senior Economist at the Institute of Directors, said: “The Bank has jumped the gun with the today’s rate hike. The rise threatens to dampen consumer and business confidence at an already fragile time. “Growth has remained subdued, and the recent partial rebound…