The Bank of England is expected to hold interest rates at 0.75 per cent as Brexit uncertainties reach their peak.

With still no clear sight of the Brexit outcome just over a week before the planned March 29 EU exit date, members of the Bank's nine-strong Monetary Policy Committee are set to vote unanimously to leave rates unchanged.

Experts believe policymakers will remain firmly in wait-and-see mode for some time until there is greater clarity.

But the decision comes after a better-than-expected set of employment and wages data on Tuesday, which some economists have said bolsters the case for a rate rise later in the year, should there be a lengthy Brexit delay or if a deal is eventually struck.

Yet with inflation still below target at 1.9 per cent in February and economic growth set to remain weak in the first quarter of 2019, there is little chance the Bank will look to make any moves until some of the damaging uncertainty over Brexit is lifted.

Or, as Bank Governor Mark Carney recently put it, the 'fog' of Brexit, which is weighing heavily on growth.

Howard Archer, chief economic adviser to the EY Item Club, said: "Despite robust employment growth and firm pay, there looks to be zero prospect that the Bank of England is going to act on interest rates until the Brexit situation is resolved and it can see how the economy is being affected.

"With Brexit now looking most likely to be delayed until at least June 30 - and very possibly significantly later still - and the economy looking soft overall in the first quarter, we believe that it is ever more likely that the Bank of England will sit tight on interest rates through 2019 - assuming that the UK ultimately leaves the EU with a 'deal'."

The rates outlook would alter dramatically should there be a no-deal scenario, with most economists expecting a cut despite the Bank's repeated warnings that policy could move in 'either direction'.