It comes after policymakers on the Bank's nine-strong Monetary Policy Committee (MPC) voted unanimously to leave rates unchanged at 0.5 per cent yesterday.
Markets will be assessing United Kingdom industrial production, manufacturing production, construction output and the UK's trade balance, with markets expecting a slight drop in the UK's trade deficit from -£2804 to -£2400. The bank expects inflation to slow marginally to 2.2% by early 2020.
The inflation report forecasts a modest upgrade in growth from its November report, up to 1.8 percent increase in GDP growth this year and 1.7 percent next year.
The world's sixth-biggest economy is lagging behind a strong global pick-up, due to a rise in inflation and fall in business confidence since the referendum.
Higher inflation is also the enemy of the bond investor and so anyone with fixed-rate savings accounts, or money in United Kingdom gilts, will not welcome Thursday's news.
The Pound to Australian Dollar exchange rate has fallen by -0.7% on 9 February, following hawkish statements from Bank of England (BoE) Governor Mark Carney. They also agreed to maintain the stock of the non-financial investment-grade corporate bond purchases at 10 billion pounds.
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The fourth aspect, according to Bhaskar, is India's continuous support to the Palestinian cause at various global fora. Prime Minister Modi will meet President Abbas on February 10 in Ramallah.
Ben Brettell, senior Economist at Hargreaves Lansdown, said: "The BoE's rhetoric echoed that of September's meeting minutes, which preceded the November rate hike".
That is a long way below Britain's pre-financial crisis average of about 2.9 percent, but the BoE says the economy can now only grow by around 1.5 percent a year without overheating.
The committee judged that monetary policy would need to be tightened somewhat earlier and by a somewhat greater degree over the forecast period than anticipated in order to return inflation sustainably to the target. And it was possible that CPI inflation could rise back above 3% temporarily, the bank noted. Not only can these platforms help work out where day-to-day savings can be made - they can also send notifications if better rates become available for loans, utilities, and mortgages. I am not convinced however, the uncertainty surrounding phase two of Brexit talks does not bode well for the United Kingdom economy.
The UK has just gone through a period, lasting almost nine years, during which interest rates were held at record low levels. Compass' share price now stands 4.51 percent higher at 1,501.75p.
"Based on the hawkish signal from the BoE, we now expect the bank to hike the Bank Rate to 0.75% as early as May (previously February 2019)".
The UK's production figures are now forecast to be soft, with December's construction reading expected to slip from 0.4% year-on-year to -1.9%, manufacturing from 3.5% to 1.2% and industrial production from 2.5% to 0.4%.