Bank of England expected to cut interest rates

Getty ImagesInterest rates are widely expected to be cut by the Bank of England on Thursday, in a move closely watched by businesses and consumers.Most analysts predict that the benchmark rate will fall from its current level of 5% to 4.75% when the decision is announced at 12:00 GMT.That would make borrowing money cheaper, but is likely to reduce the returns available to savers.The Bank's Monetary Policy…