LONDON (AFP) - Bank of England policymakers are widely tipped to keep British interest rates at a historic low point of 0.5 percent on Wednesday when they announce the outcome of their monetary policy meeting.
The central bank's monetary policy committee is also expected to maintain its so-called quantitative easing (QE) plans, under which it creates money by buying bonds from commercial institutions in the hope of boosting lending.
The BoE had also opted last month to freeze interest rates at 0.5 percent and continue quantitative easing to pump out 175 billion pounds (194 billion euros, 287 billion dollars) of new money.
"Those looking for a policy change by the BoE risk being disappointed," said Lloyds TSB Capital Markets economist Kenneth Broux.
"We expect the MPC to put out exactly the same statement as last month, stating that it plans to complete the 175-billion-pound asset purchase programme whilst keeping the scale under review."
The announcement is due at 1100 GMT.
Earlier this year, in March, the central bank slashed borrowing costs to the current record low and embarked on a radical QE policy in an attempt to lift Britain out of recession.
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