Internet reports that the Bank of England is expected to cut interest rates by another 25 basis points this week, as policymakers weigh signs of weakening in the UK economy and the prospect of a short-term recovery in inflation. Financial markets have been betting that the Bank of England's Monetary Policy Committee will cut official interest rates to 4.5% on Thursday, the third time in more than half a year that would cut borrowing costs. But this week's deliberations at the Monetary Policy Committee will become complicated as inflation may rise again in the UK and a global trade war may break out after US President Trump imposes tariffs on Canada, Mexico and others. "We believe that recent weak growth data, deteriorating labor market indicators and a gradual rise in basic services inflation will mean broad support for a rate cut (25 basis points)," said Jari Stehn, chief European economist at Goldman Sachs.