The Bank of England left interest rates on hold at 5.5 percent Thursday, despite clear signs of weakness in the retail and housing sectors.
But the Monetary Policy Committee is likely to resume its rate-easing strategy Clem Chambers, CEO of ADVFN, told "Power Lunch Europe."
"Interest rates are going down and they are going down for quite a long time," Chambers said after the decision.
The reasons for the pause could include growing concern about inflation and wanting to prevent panic in the markets Paul Dales, economist at Capital Economics, told CNBC.com Wednesday. Back-to-back reductions might have signaled the central bank had underestimated the speed and severity of the UK’s economic slowdown.