Interest rates to fall sooner than later - papers 4th May

CBI figures released yesterday suggest retail sales have seen their largest fall since the 1990s recession as 14% of retailers reporting lower rales in April while the Chartered Institute of Purchasing and Supply also released figures suggesting factory activity is down, although this is partly as a result of the MG Rover collapse. This suggests the Bank of England’s base rate will stay on hold when the MPC meets on Monday, however, it could then be cut much sooner than by the end of the year if economic growth continues to slow. EXPANDING ON yesterday’s sales figures announcement, t...