DISAPPOINTING second quarter growth was not enough to force the Monetary Policy Committee's into further action today.The MPC held interest rates at 0.5% and decided not to expand its quantitative easing programme beyond its current £375bn limit.Recent data suggesting GDP shrank 0.7% in the second quarter had triggered speculation that the MPC may take further action.

Reacting to the Bank's 'wait and see approach' Dr Brian Sloan, chief cconomist at Greater Manchester Chamber of Commerce, said: "“It is difficult ......for the full story register now for free or login below...