*BoE poised for interest rate cut* The Bank of England (BoE) is expected to reduce its benchmark interest rate from 4.75% to 4.5% on February 6, as the UK economy shows signs of stagnation. Economists surveyed by Reuters unanimously predict this cut, with a nearly 90% chance of it occurring. Philip Shaw, chief economist at Investec, said weak economic growth meant companies would find it harder to push the cost of tax hikes on to consumers. "That should make it easier for the Bank of England to look through a near-term rise in inflation and deliver more rate cuts than currently priced in."