Ella 
The Bank of England (BOE) is expected to keep policy rates unchanged at its sixth consecutive meeting on Thursday as deflationary pressures persist in the UK and investors reprice an earlier-than-expected rate cut.
Bank of England may lean toward dovish stance
The Bank of England is expected to keep its benchmark interest rate unchanged at 5.25% after its policy meeting at 19:00 Beijing time on Thursday. At the same time as the policy rate is announced, the Bank will also release the Monetary Policy Minutes and Monetary Policy Report, followed by Governor Andrew Bailey who will hold a press conference.
While the Bank of England was initially expected to lag behind the Federal Reserve and the European Central Bank in initiating easing measures, it now appears ready to begin cutting interest rates earlier than expected due to growing deflationary pressures.
In addition, investors widely expect the Bank of England to cut interest rates in August or September, with a December rate cut about 70% likely.
