BOE to Keep Stimulus on Hold Even as Inflation Concerns Persist

U.K. economists predict the Bank of England will keep its bond program and key interest rate on hold next week after above-target inflation prompted some analysts to bring forward forecasts for increases in borrowing costs.

Policy makers will leave the size of the bank’s bond holdings unchanged at 200 billion pounds ($311 billion) on Jan. 13, according to all 39 economists in a Bloomberg News survey. They will also keep the rate at a record low of 0.5 percent, all 61 economists in a separate survey said.