Interest rate decision: Bank of England expected to hold rates at 5.25%

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 grand building behind me.

I’m not sure when this will be published. But at
10am, I’ll be heading to the Bank’s basement down a long spiral staircase –
it’s not quite Gringotts (for you Harry Potter fans), but I like to think it
has that vibe.

Along
with other journalists, I’ll be locked in a room for two hours and handed a
document revealing the Bank’s interest rate decision and reasons behind it.

We
will also get the latest report on what the Bank thinks will happen to
inflation and the UK economy in the coming months as well.

So
I’ll have two hours to digest the news – as well as some tea and biscuits –
package it together, and explain what it all means shortly after midday.