The Bank of England's rate-setting body will announce its interest rate decision at midday as usual despite multiple blasts on London's transport network, a spokesman for the central bank said. Though the spokesman said the Monetary Policy Committee schedule remains the same as usual, he would not discuss whether the nine-member panel had been made aware of the news, which reports suggest has led to some fatalities. Even with up to date information, Bank watchers continue to expect the BoE to keep its key repo rate on hold at 4.75 pct. Ross Walker, economist at Royal Bank of Scotland, said the MPC does not react to short term things be it data or events. "They will continue as usual unless the circumstances pose immediate danger," he said. "No immediate action from them is likely, they would not want to panic the market." "If need be they can always reconvene in a few days time," he added. A few days after the terrorist attacks on New York and Washington on Sept 11, 2001, the US Federal Reserve cut the cost of borrowing in the US, sparking off a round of rate cuts.