All but one of the 45 economists surveyed between July 27-29 said the MPC will raise interest rates to 4.75 percent when they meet on Wednesday and Thursday after keeping them on hold at 4.50 percent in July. One economist expected rates to be unchanged.
Data this week - which will shed light on the health of the manufacturing and the services sectors - are highly unlikely to change the view that borrowing costs need to go higher in coming months to head off inflation, analysts said.
"It is not so much a question of 'if' but rather 'how much' at the next MPC meeting," said Peter Dixon at Commerzbank.
Gilt and short sterling markets got a much-needed break on Friday after data from the US showed the economy grew at a slower pace than expected in the second quarter.
But otherwise it has been a rough week for UK bonds. The market was rocked by fresh evidence that the 100 basis points of rate rises that the BoE had slapped on them since November did very little to cool down the housing market and consumption.
House prices surged 2.1 percent in July, according to the Nation-wide, twice the rate of the previous month, and total household debt broke the one trillion barrier for the first time ever in June, helped by the 2.1 billion pound rise in consumer borrowing.
The 5-10 year sector of the gilt curve inverted for the first time since mid-June on the perception that perhaps interest rates might need to rise at a faster pace than most economists were expecting.
"Judging from the yield curve, it seems some people are betting the economy might not land with wheels," said Marc Ostwald, strategist at Monument Securities.
The market will pore through the Chartered Institute of Purchasing and Supply/Reuters' surveys on the manufacturing and service sectors due on Monday and Wednesday respectively.
Analysts expect both sectors to have grown at a slower, but still brisk, pace in July. Economists polled by Reuters predict the manufacturing PMI index will fall slightly to 54.5 from 54.8 the previous month.
The services PMI, which measures activity in the sector that accounts for two-thirds of the British economy, is expected to fall back to 56.5 from 56.8 in the previous month.