Bank of England warned of 'underlying inflationary pressure' that could delay interest rate cuts

Bank of England warned of 'underlying inflationary pressure' that could delay interest rate cuts

The Bank of England is expected to cut interest rates to 4.25 per cent on Thursday, marking the fourth reduction since August.However, an expert has cautioned against lowering interest rates too quickly.Most economists anticipate a 0.25 percentage point cut from the current 4.5 per cent rate, with the Monetary Policy Committee likely to vote 8-1 in favour of the reduction.Sandra Horsfield, an economist for Investec, described the cut as a "near-…