Bank set to leave rates on hold
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Interest rates are expected to be left on hold for a sixth consecutive month when the Bank of England announces the decision of its monthly meeting later.
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The Bank of England announced it was leaving interest rates unchanged at 4.75 percent for a fourth successive month amid continued signs of cooling in the British economy.
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The Bank of England appears set to hold interest rates steady for at least the next few months after revealing policymakers did not even discuss raising borrowing costs at their November meeting.
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Economists are unanimous that the Reserve Bank will leave interest rates on hold this week, but will be looking eagerly for clues on what comes next.
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UK interest rates have been kept on hold at 4.75% following the latest meeting of the Bank of England&#39;s rate-setting committee.
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UK interest rates are expected to go up  later this week as the Bank of England moves to combat inflation.
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Despite signs of a poor Christmas for British retailers, the Bank of England will likely refrain on Thursday from cutting interest rates from the current level of 4.75 percent, analysts said.
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The Bank of England has declared there will be no change to UK interest rates which are to hold at 4.75 per cent, as widely expected by most UK economists.
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Decisions on interest rates in Europe are set to take decidedly different paths Thursday with the Bank of England expected to increase its key rate while the European Central Bank is likely to leave its benchmark rate unchanged, at least through the summer.
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Business & money: Bank could step in to tackle fresh inflation fears.
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Bank of England expected to push rates up to 5.75%.
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Business & money: Norwich Union tipped as next to impose freeze on withdrawals by small savers
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The European Central Bank opts to keep interest rates on hold at 4% as jitters unsettle world markets.
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The Bank of England today hinted that interest rates may have peaked as it said it was on course to meet its inflation target assuming that rates remain unchanged.
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The Bank of England is widely tipped to keep interest rates on hold at 5.25% on Thursday.
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The European Central Bank keeps its key interest rate on hold at 3.5%, but hints that it may go up next month.
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The Bank of England is expected to keep interest rates at 4.5% on Thursday - but another rise is expected before too long.