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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.
Andrew Sentance, former MPC external member and senior economic adviser at PwC, discusses the "knockouts" for a rate hike and whether unemployment is a good indicator for when to increase interest rates.
George Buckley, chief UK economist at Deutsche Bank, says that the Bank of England will most likely raise interest rates towards the end of 2015.
Roger Nightingale, Economist and Strategist at RDN Associates explains why Mark Carney isn't that best person to ask about how to fix the British economy.
Robert Wood, chief U.K. economist at Berenberg Bank, discusses the U.K. economy and expects unemployment to fall faster than the Bank of England anticipates.
Douglas McWilliams, executive chairman of the Center for Economics and Business Research, says that business sentiment is improving in the U.K. as a slow recovery takes place.
The Bank of England governor is pushing ahead with a strategic review of the central bank's resources, appointing McKinsey and Deloitte.
Simon Hayes, chief U.K. economist at Barclays and Jonathan Portes, director of the NIESR, agree that the Bank of England should keep its current "policy setting" untouched for a while.
David Kern, chief economist at the British Cambers of Commerce, says the U.K. needs the Bank of England to keep interest rates low for a while.
Neil Williams, chief economist at Hermes Fund Managers, questions the effectiveness of forward guidance and says that the Bank of England has made monetary policy too complex.
Andrew Sentance, former Bank of England MPC member, says that the central bank should gradually increase interest rates now or face a steep hike in the future which would damage the economy.
It looks like it's steady as she goes when the U.K. central bank's monetary policy committees meets this Thursday, said analysts.
Nizam Idris, MD, Head of Strategy, Fixed Income & Currencies, Macquarie explains why he believes the U.S. dollar and Japanese yen will remain stable as long as market uncertainties remain.