By bizn_fun 
Although some analysts still think there could be one further cut before the end of the year, it is not expected to come at Thursday’s meeting.
In August, the Bank’s nine-member monetary policy committee (MPC) voted 5-4 to cut rates by a quarter percentage point.
It followed a never-before-seen second vote, after one economist had argued for a larger cut of half a percentage point.
This suggests future interest rate decisions are likely to be finely balanced.
At the time, the Bank said it expected inflation to peak at 4% in September, which might allow space for a further cut.
Earlier in July, Mr Bailey had said the Bank was prepared to make larger cuts if the job market showed signs of slowing down.
Since then, annual growth in average regular earnings, excluding bonuses, dropped to 4.8% in the three months to July, down from 5% in the previous three months and the lowest since May 2022.
However, the Bank also has to consider the wider global economy.
Mr Bailey has repeatedly warned about the unpredictable impact of US tariffs, and conflict in Israel and Ukraine has also created uncertainty.
Announcements in the Budget on 26 November could also influence the Bank’s decision.