The forecast of the UK economic growth provided by Morgan Stanley’s Melanie Baker and David Miles appeared to be the most accurate for the second straight quarter, according to a Bloomberg survey.

The two analysts correctly predicted that the Bank of England would leave its benchmark interest rate at a three-year high of 4.75% in the fourth quarter. ``We think that the economy will cool off with continued sluggish consumer spending,’’ Baker said amid the cooling in consumer spending after five rate hikes.

He also added that the interest rates will be unchanged this year amid the sluggish economy growth that fell to 2.3% from 3.1% in 2004.

The forecast of Baker and Miles is lower than that of Chancellor of the Exchequer Gordon Brown who predicted the economic growth for the UK to be between 3% and 3.5%.

Morgan Stanley’s analysts left behind such banks as ABN Amro Bank, Royal Bank of Scotland Barclays Capital and Dekabank .