Interest rates have stayed at 4.5 per cent as widely predicted. There have been a number of counter-indications about how the economy is faring - the High Street is suffering (that link to a BBC story about the clothing industry, which is typical of the many accounts coming out of tough conditions) while house prices are on the way up again - meanwhile we're seeing the slowest economic growth since 1993.
Meanwhile e-tailing is doing well and manufacturing is doing better than it was a very short while ago.
It all adds up to a very unclear picture and the likelihood of another cut by the end of the year is, in my view, too close to call. If they do cut, it'll be small.
