CML in interest rate cut plea

It says the Government and the Bank needs to “consider how best to unblock the funding logjam that some UK lenders are experiencing”. The Bank of England's Monetary Policy Committee meets next week for its regular monthly meeting to set interest rates, which currently stand at 5.75%. The CML monthly report reads: “November's Inflation Report appears to anticipate at least two 0.25% interest rate cuts next year. “But, earlier and more decisive action may be needed. “We would like the government and the Bank of England to consider how best to unblock the funding logjam that some UK l...