Carney, a former Goldman Sachs banker, has run the BoE since 2013. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
Though the British economy did not fall into recession after the country voted to leave the European Union in June 2016, as many economists predicted, growth has slowed partly, because businesses have turned cautious over investing in Britain without a clear understanding of the future trading relationship.
The coming six to eight weeks are due to see intensive talks between London and Brussels to hammer out details of the divorce deal, and some of Prime Minister Theresa May's own members of parliament strongly resist her preferred compromise.
The bank's meeting comes just two days after it was announced that Governor Mark Carney has extended his stay at the helm of the central bank until early 2020.
"Mark Carney is supposed to be a custodian of the British economy".
But many business chiefs and investors fear politics could get in the way, thrusting the world's fifth largest economy into a "no-deal" divorce they say would weaken the West, spook financial markets and clog up the arteries of trade.
In recent months, May's government has stepped up planning for a no-deal Brexit and has underscored the disruption that such a move would cause to businesses and the public.
Britain's central bank stress-tested lenders against a 33 per cent house price fall previous year and some economists questioned whether Carney's comments to ministers had been reported accurately.
Further, the BoE would be unable to soften the crisis by cutting interest rates, Carney told ministers, according to the Financial Times.
Amongst a recession and slump in the pound, Carney has stated that the United Kingdom housing market could see prices fall by as much as a third.
At that briefing, the governor also pointed to the results of last year's banking stress tests that were judged by the Bank's Financial Policy Committee of regulators to include the worst case scenario from a no-deal Brexit.