Bank of England policymaker visits CDE

Ian McCafferty calls in at CDE Global as part of economic business trip to Northern Ireland

CDE Global welcomed Bank of England policymaker Ian McCafferty to their head office and production facility in Cookstown, Co. Tyrone, last week for a tour of their facilities and discussions on the current economic situation in Northern Ireland.

Mr McCafferty, who was accompanied by Frances Hill, Agent, and Gillian Anderson, Deputy Agent, of the Bank of England in Northern Ireland, is a member of the Bank of England Monetary Policy Committee which is responsible for setting interest rates.

The regional visit was an opportunity for Mr McCafferty to gather first-hand intelligence about the economic situation from businesses and other organizations in Northern Ireland.

CDE were one of the host companies chosen by the Bank of England to gain data and insight into current and future economic developments and prospects in the region.

The Bank of England representatives met with Brendan McGurgan, managing director of CDE, who said: ‘Mr McCafferty’s visit provided us with a forum to discuss relevant economic issues in the UK relevant to our industry.

‘As an advisory member of the UK Innovation Research Centre, Mr McCafferty’s tour of our new innovation centre was particularly relevant as we were able to highlight the latest production innovations in wet material processing.

‘We appreciated the opportunity to provide insight into our industry and hopefully to influence future policy decisions.’