Today is all about monetary policy meetings with the UK, Czech Republic and the Eurozone committees all deciding on levels for interest rates for the next month. As with previous months it is a fairly common view that both the MPC and the ECB will decide to leave their respective rates on hold, resolving to also leave the levels of QE unchanged as well. For the MPC, that will be it for a week or so until the minutes of the meeting are released. I would expect Andrew Sentance to once again prove to be the lone dissenter for leaving rates unchanged although it would be a shock if there was not evidence of protracted discussion amongst the members over the stubbornly high level of inflation and its effect on the UK economic outlook.