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The Bank of England is expected to hold the base rate at 0.5% when it announces its decision this Thursday.
October`s Monetary Policy Committee meeting is taking place on Wednesday and Thursday, in which the Bank will decide on its next steps with regard to its base rate and quantitative easing (QE) scheme.
Analysts expect the base rate to remain at its all-time low of 0.5%, while QE is not expected to be expanded.
The Bank of England`s meeting follows signs that the UK economy may be coming out of recession, leading to much speculation over the Bank`s next few decisions.
If the Bank does hold its rate tomorrow, it will be seventh consecutive month that the base rate has remained at 0.5%.
Tags: BoE, Bank, England, Bank of England, Base, Rate, ...