(Bloomberg) -- The Bank of England will probably downgrade its forecast for 2017 growth on Thursday as it also announces that interest rates will stay at a record-low 0.25 percent for now. A hawkish shift at the bank in June briefly sparked speculation of a 2017 hike, but that petered out as the inflation rate dropped, price expectations stabilized and wage growth stayed weak. Markets don't have a rate increase fully priced in for another year, while economists see no move until 2019.
--With assistance from Jill Ward and Harumi Ichikura
To contact the reporter on this story: Fergal O'Brien in London at fobrien@bloomberg.net.
To contact the editors responsible for this story: Fergal O'Brien at fobrien@bloomberg.net, David Goodman, Andrew Atkinson
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
