The Bank of England is widely expected to cut interest rates by 25 basis points today, taking the bank rate to a record low 0.25%.
The central bank’s quantitative easing programme could be expanded, after being left at £375bn since 2012.
There is, however, a chance that the monetary policy committee could disappoint the market. While the latter is pricing in an 80% chance of a rate cut, some economists expect rates to be left unchanged.
