The Bank of England is all but certain to keep interest rates at 5.25% this week, according to economists and City traders, but there is hope that the Monetary Policy Committee will signal that it is now thinking about cuts.
The Bank will announce its latest decision at noon on Thursday, but the outcome is seen as close to a foregone conclusion. City interest rate swap markets suggest that there is about a 98% chance that interest rates are held at the highest level since 2008.
