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 It looks increasingly unlikely that the Bank of England will cut the base rate of interest this year, spelling bad news for people in financial difficulties.
Some analysts had predicted that a cut would be announced in December but the Bank's Monetary Policy Committee (MPC) members' testimonies to the Treasury Select Committee have thrown doubt on this.
The overall feeling was that rates would remain unchanged as members choose to wait and see what happens in the markets.
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"The MPC has consistently argued that some slowdown in growth is necessary to dilute underlying inflationary pressures stemming from higher energy, food and commodity prices, some signs of pay picking up, resilient inflation expectations and possible capacity constraints," said Howard Archer from Global Insight.
"Furthermore, the CBI distributive trades survey for November is likely to reinforce the perceived reluctance of most MPC members to trim interest rates just yet.
"Not only do the sharply higher prices balances maintain concern over companies' current pricing power, but the resilience of sales indicates that growth is currently slowing relatively gradually," he added.
The base rate of interest currently sits at 5.75 per cent - its highest level for six years and one which has led to many people falling into financial difficulties.
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