Although the Bank of England has considered cutting interest rates below the record low level of 0.5%, some economists believe the Bank prefers to use quantitative easing. That involves injecting more money directly into the economy to help stimulate growth.
With the latest extension of QE launched only last month, there was no great expectation for any new announcements from the MPC today... However, the outlook for the UK economy remains fragile, particularly in light of the disappointing official data for the first half of the year and the recent slowdown in global momentum.
More top news
Prime Minister plans a whistle-stop charm offensive with EU leaders this week.
Thriller writer Anthony Horowitz is at the helm of the latest Bond book, which is based on an unfilmed Ian Fleming TV script.
Actress who plays iconic Daenerys Targaryen admitted she didn't want to become typecast for nudity.