Fourth Bank member alludes to rate cut

UK - Kate Barker last night became the fourth member of the Bank of England's monetary policy committee in a week to hint at approval for future interest rate cuts. Her hint came in a speech to bankers and economists in Edinburgh.

Last week Sir Edward George, the Bank's governor, said that the global economic slowdown could last for three more years. This was followed by encouraging remarks for borrowers from Sushil Wadhwani and Christopher Allsopp, outside members of the MPC.

Ms Barker stopped