BoE rates steady at 4.75%

The Bank of England kept interest rates steady at 4.75% for the second month running, but most economists predict a hike next month. " We expect a 25 basis points November rate hike, but then a period on hold as the problem in the US intensify and become more obvious. Untimately, this will lead to UK rate cuts from mid-2007" said Mr. Dominic Bryant, at BNP Paribas.