Bank Of England Expected to hold rates steady.

If you invest in Europe, The Bank of England and the European Central bank are expected to keep the interest rates steady when they meet tommorrow. Slowing Ecomonic growth and the Subprime lending mess with Financial institutions are some of the things which will also be evaluated.

Through out Europe inflation is on the rise, and Economies growth rates are slowing down. The Governor of the Bank of England also believes that it will be months before the banks reveals all the losses which are sub-prime related. The bank of England's Monetary Policy Committee is expected to keep its key interest rate of 5.75 percent.

Analysts also believe that the European Central bank will alos keep the Key refinance rate of 4 percent. The outlook for the Bank of England is to cut the key interest rates in months to come becuase of the slow growth of the British Economy.