LONDON, Nov 12 - Following is a selection of economists' reactions on the quaterly Inflation Report in which the Bank of England raised its forecasts for both economic growth and inflation, even after it increased interest rates last week for the first time in four years. MARC OSTWALD, BOND STRATEGIST, MONUMENT SECURITIES "My impression is that the Bank of England will tread very carefully on interest rates going forward. Yes, they have upgraded their growth and inflation forecasts but they also emphasised that risks to the GDP are still on the downside. The consumer side of the equation is basically driving the mood. The BoE is determined to bring debt down but at the same time there is no doubt they are very wary of the risks of precipitating a crash in the consumer sector///