Mark Carney and his fellow rate setters will gather on September 4th for their first meeting since they set out new guidelines for monetary policy last month.
Events since have not gone quite as Bank of England (BoE) Governor Carney and the other Monetary Policy Committee (MPC) members might have expected.
The launch of "forward guidance" was meant to reassure consumers and businesses that Bank Rate would stay at its record low of 0.5% for years to come.
By pegging the next rate rise to unemployment, Carney indicated that borrowing costs were unlikely to rise until late 2016 at the earliest when the BoE expects unemployment to drop to 7.0% from its current 7.8%.
Instead the pound rose and markets brought forward expectations for the next rate increase.
Carney tried to stress his point on August 28th in his first speech as Governor.
He said Bank Rate, and not those set in the market, was the most important interest rate for the real economy. He also said even if unemployment fell to 7.0% the MPC might keep rates on hold if the recovery did not look strong.
Sterling went up and the yield curve steepened further, showing markets expected rates to start rising in mid-2015.
Vicky Redwood, an economist at Capital Economics, said: "The long-awaited introduction of forward guidance has probably not had quite the impact the MPC was hoping for. The committee may want to back up it words with actions."
Carney's tussle with the markets partly reflects good news for the UK economy.
Surveys have shown manufacturing and services growing quickly and consumer confidence building. On September 3rd the Organisation for Economic Cooperation and Development raised its estimate for 2013 GDP to 1.5% from 0.8%.
Philip Shaw, an economist at Investec, said: "Markets remain unconvinced over what they consider to be the relatively late timing of prospective rate moves implied by MPC guidance. In trying to influence expectations of rates, the MPC is battling better news on the economy, which continues to come in thick and fast."
Two members of the MPC, Paul Fisher and David Miles, held off on voting to increase quantitative easing in August from its current £375bn target so they could judge the effect of forward guidance After markets failed to heed the MPC, they could revert to their familiar voting pattern but with strong economic news they are unlikely to be part of a majority.
The committee might also say something to hammer home its resolve. Redwood said it could state clearly that short-term market interest rates have risen without reason.
Shaw at Investec said: "It is quite possible that the committee chooses not to issue a statement to reiterate its guidance, having talked about this extensively over the past few weeks."
Traders and economists think the economy will grow and generate more jobs more quickly than the BoE estimates. But there is also concern that the MPC will lose its grip on inflation by focusing on unemployment.
Carney has set "knockouts" that would override the unemployment threshold, including CPI inflation looking likely to exceed 2.5% in 18 to 24 months and medium-term expectations for inflation rising sharply.
But Carney's main concern remains that rising rates could choke off the fledgling recovery so that, as he put it in his speech, "we are condemned to decades more of low interest rates and lost opportunities".