EXPERTS have predicted the Bank of England will keep interest rates at 3.75 per cent on Thursday.

Matt Swannell, chief economic advisor to the EY ITEM Club, said it “looks a near-certainty” due to the bank’s monetary policy committee’s (MPC) concerns over wage growth and inflation.

Official data shows inflation rose for the first time in five months in December.

BoE governor Andrew Bailey said at the time that Britain has “passed the recent peak in inflation and it has continued to fall,” allowing the MPC to reduce borrowing costs for the fourth time in 2025.

But he cautioned that further cuts will be a “closer call.”

The TUC has urged the bank to “keep going” with rate cuts so Britain can move on from the living standards crisis.

General secretary Paul Nowak said that a small inflation rise “on the month is a result of one-off factors.”

Edward Allenby, senior economic adviser at Oxford Economics, said he was forecasting the next rate cut to come in April.