Bank of England 'affecting consumer confidence'
13 August 2008
Indecision on the part of the Bank of England is affecting confidence among consumers, according to Fool.co.uk.
Jane Baker, a financial expert at the monetary services provider, states that the Bank appears to be stuck between a rock and a hard place in terms of interest rates.
She adds that the fiscal institution is finding it hard to keep on top of inflation without increasing borrowing costs.
"But sitting on the fence isn't helping to put consumers' minds at rest," she adds, in news that may well be of interest to people looking to compare popular mortgages.
Ms Baker concludes by noting that this is compounded by the fact that the future for the economy does not look "bright", given the threat of a recession still looming.
Consumer confidence fell by 11 points to 51 in July, according to the monthly index on the topic from the Nationwide building society. 
