Centre for Economics and Business Research senior economist Charles Davis has given his views on the forthcoming interest rate decision.

Private landlords will be among the property owners interested in what the Bank of England's monetary policy committee (MPC) decides.

Mr Davis said that he believes the 0.5 per cent rate currently in place is the "bottom"and there will be no further reduction.

He believes the Bank's focus has now changed in relation to how best to boost the economy.

"The main thing now will be about quantitative easing and assessing how that policy is panning out,"the financial expert explained. "Looking at its effect on lending and on the cost of borrowing - for corporate in particular - and that is the key emphasis now."

Trevor Williams, UK chief economist at Lloyds TSB, has warned that the way the money market operates will be "seriously"affected - in a negative fashion - if the MPC chooses to reduce the rate on Thursday April 9th.

Written by Mark Garner

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