Mixed opinions as rate rise looms - papers 2nd April

City analysts are arguing a run of unexpectedly strong data over the past week had raised the pressure on the Bank's Monetary Policy Committee to consider raising rates to 5.5%, says the Telegraph. The Bank indicated in its Inflation Report in February a further increase in borrowing costs would be necessary to keep inflation under control, and Governor Mervyn King said last week the situation had not changed. However, most economists think the Bank will wait one more month to see what effect three previous increases have had on the economy, and to give it the opportunity to use an updated...