The Bank of England's rate-setting committee voted unanimously to keep rates on hold. CNBC's Helia Ebrahimi reports on this and U.K. unemployment figures.» Read More
Robert Wood, chief U.K. economist at Berenberg Bank, says the U.K. has come a long way but it still has an "awful long way to go" to improve the state of its economy.
Mike Amey, portfolio manager at PIMCO, says the Bank of England has some "tricky messaging ahead" regarding forward guidance, as the unemployment threshold looms.
The Bank of England (BoE) is expected to announce on Wednesday whether it will switch to plastic banknotes, following a public consultation program on the matter.
David Kern, chief economist at British Chambers of Commerce, says that the Bank of England's growth forecast for the U.K. is too "optimistic".
John Wraith, rates strategist at Bank of America Merill Lynch Global Research, says the U.K.'s economy is not strong enough to cope with higher interest rates.
Alain Bokobza, head of global asset allocation at Societe Generale, says an upcoming rise in gilt yields will force the Bank of England to "normalize" monetary policy and push through an interest rate hike in 2015 before the U.S. Federal Reserve.
James Knightley, U.K. economist at ING Wholesale Banking, says that the housing market is "on course for an ongoing improvement" and that the impact of the Funding for Lending scheme changes will be minimal.
Don Smith, government bond strategist at ICAP, says the Bank of England set the unemployment threshold too high.
Ashraf Laidi, chief global strategist at City Index, discusses forward guidance ahead of the European Central Bank and Bank of England's latest policy decisions on Thursday.
Ray Boulger, senior technical manager at John Charcol, discusses what impact the U.K.'s Funding for Lending scheme will have on the housing market and the economy.
Mark Carney, governor of the Bank of England, announces that the Funding for Lending scheme is to be "refocused" in 2014 away from mortgages and home loans to support businesses, especially SMEs.
Discussing whether the central banks around the world have made the best use of their "bought time," with Mark Grant, Southwest Securities. "QE helped to pull the economy up to some extent," he says.
The Bank of England's monetary policy committee has expressed uncertainties over the durability of the U.K.'s recovery.
Melanie Baker, U.K. economist at Morgan Stanley, explains that the key thing to look for in the Bank of England's minutes is a sense that a rise in interest rates "won¿t happen anytime soon."
CNBC's Helia Ebrahimi questions the Bank of England's governor, Mark Carney on mortgage approvals and the weight of the U.K.'s housing market on the economy.
Mark Carney, governor at the Bank of England, states that the Bank now expects the inflation target to be reached a year earlier than previously forecast and for the unemployment rate threshold to be hit by the end of 2015.
Stephen Gifford, director of economics at CBI, says that the optimism across several sectors and output growth shows that the UK economy is getting stronger.
Riccardo Barbieri, chief European economist at Mizuho International, discusses the U.K. economy ahead of the Bank of England's quarterly inflation report, as inflation falls to its lowest level in over a year.
Charles Goodhart, professor emeritus of banking and finance at the London School of Economics, says it would have been "outstanding" for the Bank of England to change monetary policy on Thursday given the strength of the U.K. economy.
Duncan Weldon, senior economist at the Trade Union Congress, and Andrew Sentance, former MPC external member and senior economic adviser at PwC, discuss the Bank of England's interest rate decision.