Article: Interest rates expected to hit a record low of 0.5% tomorrow; The MPC is also likely to vote to print more money.(Business)

Byline: Sion Barry Business Editor

FURTHER action on interest rates will be taken by Bank of England policymakers this week, analysts have predicted.

The Bank's Monetary Policy Committee starts its two-day monthly meeting today, where it is likely to take further action on the cost of borrowing, as well as using other economic tools to give the economy a boost.

Economists expect borrowing costs will hit a new record low of 0.5% tomorrow, as rates fall for the sixth month in a row.

A formal vote to begin so-called "quantitative easing" - ...

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