According to Golden Finance, Barclays analysts expect the Bank of England to vote 8 to 1 to keep interest rates unchanged and reduce asset purchases by £100 billion. "We believe there is a possibility that Ramsden and/or Taylor could vote with Dhingra to lower rates, so our 1-8 voting ratio expectation carries a risk of moving towards 3-6." The tone of the meeting statement is expected to remain cautious, while acknowledging further progress in inflation moving towards a sustainable return to the target. The current guidance around the need to maintain restrictive policy is likely to remain unchanged. Interest rates are expected to be cut by 25 basis points in November, December, and February, May, and August of next year, reaching 3.75% by August 2025.