Bank of England boss Mervyn King will lead a three-day visit by the Monetary Policy Committee to the West Midlands this week in the third annual tour of the regions.
Mr King and seven of his rate-setting colleagues will meet with around 40 companies and business groups during the trip to see how economic conditions are affecting business.
The tour comes amid mounting speculation that the nine-strong Monetary Policy Committee (MPC) is preparing to take imminent action to bolster the recovery.
Experts are forecasting the Bank will launch another round of quantitative easing (QE) worth at least £100 billion as soon as next month to stave off the threat of a double dip recession.
A speech on Tuesday evening by Mr King to the Black Country Chamber of Commerce will be closely watched for any more clues on the scale and timing of so-called QE2 measures.
The MPC's visit is the third group trip made by the committee, following Scotland last year and Yorkshire and the Humber in 2008, although committee members overall make around 50 trips throughout the UK each year.
Normally based in London, the policymakers will spend three days talking to businesses in centres including Banbury, Birmingham, Coventry, Oxford, Leamington Spa and Warwick.
The West Midlands has been particularly hard hit by the recession and global financial crisis. The region's rate of unemployment hit 9.4% last year overall, which was well above the national average of 7.6%.
Seen as the heartland of British manufacturing, the region suffered badly as the industry went into decline during the recession. At the height of the economic woes in mid-2009, the rate of unemployment reached 10.7% in the West Midlands. Areas such as Birmingham and Sandwell saw rates of 13.4% and 14.2% respectively in 2009 overall.
Unemployment has eased since the onset of recovery, with the latest figures for the three months to August showing the jobless rate falling further to 8% in the West Midlands. But there are still 216,000 left unemployed in the region and the rate remains higher than the 7.7% seen for the UK as a whole.
While conditions have improved since last year, there are fears over the impact of the public spending cuts on the West Midlands - a topic likely to be top of the list for MPC discussions this week.