By bizn_fun 
The Bank’s Monetary Policy Committee (MPC) will make its latest announcement at 12:00 GMT with most analysts predicting a hold.
The Bank of England has reduced its benchmark interest rate by 0.25 percentage points every three months since August last year. However, that cycle is widely expected to be broken this time.
Members of the MPC will be closely considering the latest economic data on rising prices, as well as jobs and wages as they cast their vote on interest rates.
The rate of inflation in September was 3.8%, well above the Bank’s 2% target, but lower than expected. Within that data, food and drink prices rose at their slowest rate in more than a year.
That has eased some of the squeeze on family finances, and also led to some analysts, including at banking giants Barclays and Goldman Sachs, to predict a cut in interest rates this month to 3.75%.
They expect a split in the vote among the nine-member committee. For the first time, the views of each individual on the MPC will be published alongside the wider decision.
Danni Hewson, head of financial analysis at AJ Bell, said the market was giving a one in three chance of a rate cut to 3.75%.
“The odds are still firmly in favour of a hold,” she said.