With inflation having fallen fairly fast in Europe and the ECB having been the first to cut interest rates, surely it would seem fitting for the Bank of England to follow?

Inflation is definitely within its target range and nothing is worse than deflation, which currently might seem unlikely, but in actual fact it is very much a possibility in today’s world, simply as a result of high leverage having the propensity to cause a shortage of cash-flow during times of relatively high interest rates.