Governor Andrew Bailey tells the BBC he expects rates to continue falling, but “the course is a bit more uncertain”.

The Bank of England has cut its main interest rate by a quarter percentage point to 4%, as policy makers seek to bolster the sluggish U.K. economy.

The Bank's Monetary Policy Committee cut interest rates again last week, but an ex-ratesetter has said those who voted for a reduction are potentially being 'wildly optimistic' on how quickly inflatio