Business leaders in Coventry and Warwickshire have welcomed Mark Carney’s steady start as governor of the Bank of England.
The Bank’s Monetary Policy Committee (MPC) has kept interest rates at 0.5 per cent and has maintained quantitative easing at £375bn in its first meeting since Carney took charge.
The Coventry and Warwickshire Chamber of Commerce said the decision was widely anticipated.
Louise Bennett, chief executive of the Chamber of Commerce, said: “Few commentators believed that Mark Carney would come in and start adjusting interest rates and quantitative easing in his first week in his new job.
“There is no magic wand which can be waved to transform the economy and a policy of steady but surely is important to lead the country out of the recession.
“Here in Coventry and Warwickshire we provide business support and advice as well as assist businesses by identifying and sourcing the kind of financial support which is right for their company.
“But the major funding which is often needed can only be achieved by ensuring there is a clear pathway to access finance and for that to happen we need the support of banks and financial institutions.”
