HULL (Thomson Financial) - Bank of England rate setter Rachel Lomax today underlined the uncertainty facing the path of UK interest rates but also signalled that she may be leaning towards a pre-emptive rate reduction. 'We can, and should respond quickly and flexibly to early signs of the changing economic weather,' she said in a wide ranging speech to businessmen here today. But gauging the weather has become a tough task, she said, continuing the metaphor. 'According to most recent official economic statistics, the weather is still set fair. But we know fouler weather is brewing offshore. What is still far from ... (full story)