Economists expect interest rates to be cut at least half a percentage point on Thursday.
That would bring rates down to 1.5 per cent or less and move the Bank of England ever closer to the point when other steps are needed to prevent deflation.
UK
Bank of England expected to cut rates to 1.5%
By Chris Giles and George Parker
Published: January 8 2009 02:26 | Last updated: January 8 2009 09:32
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