LONDON (AFX) - The Confederation of British Industry said it accepted the Bank of England Monetary Policy Committee's decision to leave interest rates at 5.25 pct, but said it sees scope for further cuts. Deputy director-general John Cridland said: "We understand the decision but a further cut over the summer still looks highly desirable. It would help cushion the UK against the combined impact of a weak euro, a slowing global economy and foot-and-mouth disease." "In the current climate, modestly lower rates should not put the inflation target at risk," he added.