'No need to cut rates' - papers 27 February

KATE BARKER, member of the Monetary Policy Committee has said there is no need to cut rates further because of the effects of the falling value of sterling on the international currency markets, The Scotsman reports today. She also says that consumers spending is not going to fall off a cliff, despite signs that it is definitely slowing down. "Sterling hit a four-year low against the euro on Tuesday, and the pound is falling much faster than the MPC has built into its inflation forecasts," The Scotsman writes. "The slide in sterling threatens a rise in consumer prices a...