The Bank of England’s Monetary Policy Committee is due to meet on Thursday but homeowners hoping for a cut in interest rates are likely to be disappointed.In spite of the recent turbulence in the credit markets, the majority of economists anticipate that interest rates will be held at 5.75% for the fourth consecutive month.Minutes of [...]

More: Cut in interest rates is unlikely

It is very unlikely that the MPC will cut rates, there is no reason for that. It would have a negative economic impact given the current market conditions.

The risk of inflation to move even higher is far too great.

Rates need to be on hold, Australia raised rates in order to combat inflation and inflationary expectations. Good job!

Indeed - I wouldn't have thought the BoE will seriously look
at any interest rate changes until nearer Easter, once they've got a full report on the Christmas shopping data - consumer spending, retail growth, etc.