Goldman Sachs Research previews the September BoE meeting on Thursday.

"We expect the MPC to hold Bank Rate at 3.75% at this week's (17 September) meeting. A 6-3 vote looks most likely, though there is some risk of a 5-4 split. We expect the communications to acknowledge that risks of material second-round effects have intensified since the last meeting given rising energy prices," GS notes.

"Our baseline is that the Committee reiterates that it stands ready to act as necessary to return inflation to target but refrains from providing a strong steer on the upcoming meetings, though there is some risk that the minutes signal that policy tightening is likely to be needed," GS adds.