Related topic: Interest rates

The move means Bank Rate is at its lowest level in almost three years.

With unemployment figures rising and inflation easing, industry experts say a rate cut tomorrow 'now looks like a cert'.

The figures add weight to the expectation that the Bank of England will cut interest rates next week.

Inflation is beginning to reduce after remaining at 3.8% for the past three months.

Monthly GDP growth has fallen by 0.1%, with quarterly growth of just 0.1%.

Potential tax changes rank ahead of interest rates and the cost of living.

Base rate cuts are causing a glaring divide among consumers.

Four members voted to reduce Bank Rate by 0.25 percentage points, to 3.75%.

Brokers also highlighted continued investment in digital innovation as a key driver of future market resilience.

Holding policy too tight for too long comes with costs to output and employment, which could then pull inflation below target, Breeden says.