LONDON (AFX) - The Bank of England's Monetary Policy Committee is expected to leave UK interest rates unchanged at 6.00 pct, although most acknowledge some chance of a cut in the wake of the 50 basis point rate cut in the U.S.
Nineteen out of 20 economists surveyed by AFX News are looking for rates to be held, with the remaining one expecting them to be cut by 25 basis points.
According to the median estimate of those analysts polled, the chance of a 0.25 point cut in the Bank's repo rate is put at 30 pct.