What the Bank of England has to weigh up

The Bank of England looks certain to hold interest rates at 4.5 percent for a fifth month running next week but analysts remain divided over whether the next move will be down or up.

All 45 economists polled by Reuters this week forecast the Monetary Policy Committee would hold borrowing costs at the conclusion of its monthly meeting at 1200 GMT next Thursday.

A majority of analysts still predict the MPC will lower rates by a quarter point some time this year after a similar cut in August but some predict rates will remain on hold all year and several are forecasting the next move will be a rise.

Scotsman.com Business – Latest News – What the Bank of England has to weigh up next week


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