By William Schomberg
LONDON (Reuters) -The Bank of England looks poised to cut interest rates for the fifth time in 12 months on Thursday but nagging worries about inflation are likely to split its policymakers and cloud the outlook for its next moves.
Governor Andrew Bailey and most of the Monetary Policy Committee are expected to favour taking Bank Rate to 4% from 4.25% as they react to a jobs slowdown made worse by a tax hike on employers and U.S. President Donald Trump’s trade war.
But two MPC members might push for a bigger cut to prop up the economy while another two might prefer no cut at all due to their inflation concerns, a voting pattern last seen in May and reflecting the conflicting pressures on Britain’s central bank.
Investors will be watching to see if the BoE sticks to