The Bank of England is widely expected to cut its key interest rate to 4% from 4.25% on Thursday and to lower it once more before the end of the year, despite consumer price inflation rising to close to double the central bank's 2% target in June.

The Bank of England is expected to cut interest rates to four per cent on Thursday, according to City economists. If this happens, it would be the first time since March 2023 that the base rate has dropped to this level.

The Bank of England is likely to deliver another interest-rate cut on Thursday, as tax hikes and wary consumers hamper Britain’s economy and prompt firms to slow hiring. The Monetary Policy Committee is widely expected to reduce its benchmark rate by 25 basis points,

The Bank of England will cut interest rates to 4 per cent on Thursday, economists have predicted. The base rate, which has a large bearing on mortgage costs and savings interest for consumers, currently sits at 4.25 per cent, but experts widely expect the Bank’s committee of economists to cut it.

The financial markets are betting on a quarter-point cut on August 8, with further easing likely in November or December

The UK jobs market is creaking, providing plenty of justification for a 25 basis point rate cut this month. But it’s a nuanced picture, which, set against sticky inflation data, suggests little reason for the Bank to open the door to a faster pace of easing at its 7 August meeting