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
A Freedom of Information request revealed the cost of burying Raymond Morris which included a £15 floral tribute.
The international community is failing refugees from Iraq and Syria who have been displaced by Islamic State insurgents, says UN ambassador.
There will be a three-way split across the UK this afternoon, weather-wise.