The Bank of England is expected to keep rates unchanged when it meets Thursday as the British economy continues to prove more resilient than many expected.
Analysts do not foresee any changes to the current benchmark rate of 0.25 percent or any modifications to the bank's quantitative easing (QE) program. Governor Mark Carney was fast in expanding QE by an extra £70 billion ($87.73 billion) following the country's EU referendum which led to sharp fall in the pound.
"We expect no change in Bank of England (BoE) policy this week," Bank of America Merrill Lynch said in a note Wednesday.
"We also drop our forecast for a rate cut and QE extension in February. Resilient official growth makes stimulus harder to justify and QE seems politically unacceptable now," the bank added.
Societe Generale also said in a note that it doesn't expect changes to the U.K.'s monetary policy for now and Governor Carney should present "a very neutral message."