Bank of England poised to cut rates despite rising inflation

The Bank of England is widely expected to reduce its benchmark interest rate from 4.25 per cent to 4 per cent on Thursday.

A further rate cut is anticipated before the end of 2025, despite a recent increase in consumer price inflation which brought it close to double the Bank’s 2 per cent target during June.

This development comes amid uncertainty among policymakers about whether underlying inflationary pressures are easing.