The Bank of England Monetary Policy Committee has decided to leave the base rate unchanged.
Clydesdale chief economist Tom Vosa says:
“The decision was widely expected given signs that the housing market has stabilised and the continued high level of energy prices. It may be a little clearer whether reductions are on the horizon on Wednesday next week, when the Bank publishes its November Inflation Report. We would not be surprised to see market discussion of rate cuts by the end of next week.”