The base rate is widely expected to be kept at 5.25 per cent, but there is a chance it could rise.
Economy experts are predicting that the Bank of England will avoid another in terest rate rise when it meets next week, which would make it the second pause in a row after almost two years of consecutive hikes.
The economics expert added that there had been little new data since the last vote, so those who voted against hiking rates are unlikely to change their minds. He also said that one of those who voted to hike last time - Jon Cunliffe - has since left the MPC. It said that since last time economic data has been soft, including lower than expected inflation in September, worse gross domestic product than in prior forecasts, and weak retail sales and consumer confidence. It is not a fully coherent picture, but one consistent with the economy at the early stages of entering a recession.
"Already the economy is flatlining, with growth proving very elusive, showing that demand is being squeezed out.
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