Reuters: Bank set to leave interest rates unchanged
The Bank of England looks set to hold interest rates for the eighth month running this week and perhaps for the rest of the year. All 42 analysts polled by Reuters predicted the central bank's Monetary Policy Committee would keep borrowing costs at 4.5 percent at the end of its two-day meeting on Thursday. That is where unanimity ends though. Just over half of those polled said the BoE's next move in rates will be down, even if that does not happen until next year. Many others say it will be up.