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Interest rates expected to stay at 4% as Bank of England makes pre-Budget decision

Good morning from the Bank of Englandpublished at 10:59 GMT

Michael Race
Business and economics reporter

Hello and good morning from the Bank of England in central London.

I’m here to bring you the latest decision on interest rates, which are decided in this beautiful 300-year-old building behind me.

I headed down to the Bank’s basement a little while ago, where along with other journalists, I’m locked in a room for two hours.

We’ll be handed a document revealing the Bank’s latest interest rate decision. The bets are that there’ll be no change, but no-one will know for sure (apart from those of us in the volt for a short while) until midday.

This rate decision is also a bumper month, as we will be handed another document called the Monetary Policy Report (exciting!), which sets out the Bank’s wider thinking on inflation and the wider economy.

I’ll do the reading, so you don’t have to.

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