Bank of England to avoid signalling faster interest rate cuts

The Bank of England will not signal a faster pace of interest rate cuts over the coming months to combat jobs market woes across the UK economy, with some economists fearing it could send markets mixed messages on monetary policy. Markets expect interest rates to be held at 3.75 per cent on Thursday due to worries about the stubbornness of inflation in the UK, particularly in food prices. But economists and investors are holding out for some clearer indications of whether the Bank could cut interest rates at upcoming meetings. Investors have suggested the next 25 basis point cut will…