Pressure mounting on BoE to maintain interest rates

The Nationwide Consumer Confidence Report released ahead of the Mpc meeting tomorrow claims while consumers feel confident about the current economic climate fears about the future stability of the economy have risen sharply. The downturn in confidence continues a three months fall and Nationwide says as a result it does not believe the Mpc will raise rates tomorrow. The lender adds the effect of the last five interest rate rises are still being felt and the subsequent slowing of house price inflation has left consumers feeling more cautious. House price inflation is now running at a...