The Bank of England appears to have entered a holding pattern as it has kept the Bank Rate at 0.5% since March this year.

The next interest rate decision will be made by the Bank's Monetary Policy Committee on the 9th of July with most analysts predicting no change.

As the prospect of economic growth becomes more likely in the coming months is there now scope to start raising rates to avoid future inflation? Or should rates be cut again to levels similar to those in the US?

Every month, ahead of the Bank of England MPC meeting, Director of Finance Online brings you the views of a group of North Eastern business leaders who get together and give their views as to what the MPC should do based on their own business experiences.

These are the views of the panelists ahead of June's interest rate decision. July's entry will be available soon, watch this space!

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