FXStreet (Córdoba) - Analysts from Lloyds Bank expect no change in rates next week from the Bank of England. According to them recent developments could impact on the inflation projections and prompt a more dovish tone in the minutes. Key Quotes: “No change in UK rates expected. Thursday’s MPC policy announcement and meeting minutes seem very unlikely to herald any near-term UK policy tightening. Indeed, the case for an early move has been undermined both by downward revisions to UK growth momentum over 2015, and signs that pay pressures are failing to materialise.” “On balance, we still expect McCafferty to plump for a vote for an immediate policy tightening. But with Martin Weale - a past ‘hawkish’ voter - remaining unconvinced that the case for a hike has yet been made, McCafferty could abandon his solitary call for an early move, as he did in January of last year.” “Admittedly, the recent weakening of sterling provides some upside inflation news. But the undershoot against assumptions from November’s Inflation Report is still modest. Overall, while the MPC will weigh the net influence of recent developments in the updated projections of the February Inflation Report, the likelihood of a more gradual uptrend in inflation than previously expected could prompt a more dovish tone overall from the minutes.” For more information, read our latest forex news.