The Bank of England is widely expected to announce a cut in interest rates from 5% to 4.75% in its upcoming decision, aimed at easing borrowing costs for consumers and businesses. This follows a surprising drop in UK inflation to 1.7%, its lowest in over three years. While borrowers on variable-rate loans could benefit from lower repayments, savers may see a decline in interest returns. The decision comes in the wake of the UK’s latest budget announcement and significant political shifts following Donald Trump’s recent election victory.