Bank of England expected to keep City waiting

The Bank of England is expected to keep the City waiting on much-anticipated measures to lift the economy out of the doldrums when it holds its latest interest rate meeting on Thursday.

Rates are expected to remain unchanged at their historic low of 0.5% while it is thought likely that the Bank will hold off on increasing its £375 billion quantitative easing (QE) programme of injecting money into the economy, at least for the time being.