The BoE will probably skip a rate cut this week, but a December move is odds on

Martin Beck, Chief Economist | Economic Consulting and Analysis

We expect the Bank of England to hold interest rates narrowly when it announces its decision on Thursday 6 November, preferring to wait for greater clarity from the Budget later this month. But with inflation undershooting forecasts and fiscal tightening ahead, a precautionary rate cut in December is highly likely.