Bank of England expected to hold interest rates

Kevin PeacheyCost of living correspondentGetty ImagesThe Bank of England is expected to keep interest rates on hold when its policymakers announce their next decision later.The Bank cut the rate to 4.25% in early May, when its Monetary Policy Committee (MPC) also hinted at more reductions to come.But analysts think those cuts will not arrive until later in the year, as the rate of price rises remains above…