5 September 2008
Nationwide Commercial comments on MPC maintaining base rate
Assessing the MPC's base rate decision, and its effect on the commercial property sector, Mark Jenkins, director of Nationwide Commercial, said: "This decision, the most likely outcome this month, clearly indicates the Monetary Policy Committee has balanced the risk of recession against the continuing effect and pressure from increasing inflation over the coming months, exacerbated by commodity pricing and potential wage demands. As Nationwide Commercial continues to underwrite new business we are well placed to assess the impact of this decision, and I feel the maintaining of the rate is likely to have little to no impact on commercial investors."
For further information please contact:
Lucinda Devine
Communications Manager, Nationwide Commercial
020-7826-2188
07725-680-865