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The Independent UK

Business

Alex Daniel

UK interest rate cut a ‘sure bet’ amid faltering economic growth, say experts

Bank of England United Kingdom Economic Growth Inflation Rachel Reeves

Andrew Bailey is the governor of the Bank of England, and is one of its nine economic policymakers (Henry Nicholls/PA) - (PA Wire)

The cost of borrowing is expected to fall to its lowest point in more than 18 months this week.

Senior economists at the Bank of England will meet to decide whether to cut the UK’s base interest rate in the coming days, which currently sits at 4.75%.

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