Interest rates experts predict Bank of England decision as announcement imminent | Personal Finance | Finance [Video]

Experts have warned mortgage holders that the Bank of England will likely “play it safe” today by holding interest rates.

Economics expert, Professor Andrew Angus at Cranfield School of Management said: “Despite the widely expected news later this week that the UK has emerged from last year’s shallow recession, there is still a job to be done to secure economic growth in the short-term.

“That’s why the Bank of England will continue to play it safe today, holding interest rates for the ninth consecutive month.

“The Bank’s Monetary Policy Committee will need to be convinced inflation is well and truly under control before we see a cut and I can’t see that happening until the summer.

“Using interest rates to manage inflation may be a blunt tool – but it’s the only one the Bank has at its disposal.”

Althea Spinozzi, Head of Fixed Income Strategy at Saxo, said: “Financial markets are bracing for …