9 November 2007
The Bank of England's nine-member monetary policy committee (MPC) has kept interest rates at 5.75% for another month.
Recent turmoil in the financial markets has stoked fears of a slowing economy - which has led the MPC's counterparts at the US Federal Reserve to slash rates by a total of 0.75% since the summer.
With this in mind, analysts are united in predicting a rate cut in the near future - easing pressure on borrowers and providing a boost to future growth.
Talking to Reuters, Chief Economist at RBS Andrew McLaughlin commented: "There was no change today, but a rate cut is coming.
"There is a clear dilemma between where the economy currently sits and where business surveys suggest it is headed."
Pressure for a rate cut might grow still further if indicators continue to signal a slowdown - with new research from Halifax indicating a further 0.5% nationwide drop in house prices.
This is the first consecutive decline in the market for over two years.
The MPC's decision mirrors that of the European Central Bank, which also kept rates as they are yesterday.
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