Bank of England expected to cut interest rates

Faarea MasudBBC Business reporterGetty ImagesInterest rates are expected to be cut by the Bank of England later, in a move closely watched by households and economists.Analysts predict the benchmark rate will be cut from 4.75% to 4.5%, as the Bank comes under pressures to boost the UK economy which has been showing slow growth.The Bank rate is the primary tool aimed at controlling inflation, and hopes of a cut…