Regional Business Information for the West Midlands
CBI welcomes Bank action on liquidity
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15th June 2012
Business leaders have welcomed the Bank of England's move to improve liquidity.
Confederation of British Industry director-general John Cridland said the Bank's action was a sensible pre-emptive move and would provide new liquidity to banks at a time of greater Eurozone related turbulence in the financial markets.
He added: “The new ‘Funding for Lending’ scheme will need to be practical for banks to participate, offer lower funding costs than found on the markets and most importantly, be easily accessible to small and medium-sized businesses who will be the backbone of our future economic recovery."
Story provided by StockMarketWire.com
