Bank of England set to maintain 0.5% interest rate

Bank of England policymakers are unlikely to deliver an early Christmas present to the economy today despite warnings that output could shrink again in the final three months of the year.

Bank of England policymakers are unlikely to deliver an early Christmas present to the British economy today despite warnings that output could shrink again in the final three months of the year.

The Bank's Monetary Policy Committee (MPC) is forecast to keep interest rates at their record low of 0.5% and hold its quantitative easing (QE) stock at £375bn (€461.2bn).