Article: Leaders call for MPC to take brave rates step; Business editor John Duckers looks at the prospects for the latest Bank of England Monetary Policy interest rates decision due today.(Business)

Byline: John Duckers

Midlands business leaders want the Bank of England Monetary Policy Committee to take a brave step this month and cut interest rates. Birmingham and Solihull chambers of commerce and industry say the last increase to 4.75 per cent went too far and is now in danger of cooling down the economy too much.

It is not a view shared by economic analysts, although neither do they expect a rise.

Jerry Blackett, policy director at Birmingham Chamber, said: 'We realise the problems the MPC faced with an overheating economy, but there are ...

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