Research from Fool.co.uk has found that the majority of UK consumers are hoping for further cuts in the Bank of England base rate to help them reduce outgoings and ease debt problems.
The group say consumers expect interest rates to fall by 2.85 per cent and over three quarters hope that they will drop to less than three per cent.
Many consumers have already made big savings on their monthly outgoings after the BoE decided to slash the base rate by 1.5%.