Bank of England poised to cut interest rates as tariffs to weigh on growth

The Bank of England is poised to cut interest rates as the threat of an escalating global trade war looms (Aaron Chown/PA) - (PA Archive)

The Bank of England is poised to cut interest rates as the threat of an escalating global trade war looms and the economic growth outlook worsens.

Most economists think UK interest rates will be reduced to 4.25% from their current level of 4.5% on Thursday.