The Bank of England is widely expected to cut base interest at midday on Thursday when its Monetary Policy Committee meets.
Markets are expecting the central bank to cut the rate by 0.25% to 4.75%, following its decision to hold in September after August's initial reduction.
Anticipations are for an eight-to-one vote in favour of a cut, according to ING Economics, with markets pricing in a reduction as a near-certainty.
However, following last month's Autumn Budget, focus is set to be on policymakers' outlook for rates going forward.
Though the Budget, which raised spending by £70 billion annually, will not affect near-term inflation forecasts, "it does complicate the future rate path for the BoE," XTB analyst Kathleen Brooks noted.
"While traders and investors are desperate to hear what the BoE has to say about the neutral rate and where UK interest rates will eventually settle, we think that the BoE will avoid these questions."
Expectations for 97 basis points worth of cuts by September 2025 have been scaled back to price in 63 basis points in reductions since the Budget, she highlighted.
Attention will likely be on governor Andrew Bailey’s press conference following the central bank's decision as a result, ING said.
“He's likely to be asked how stimulative he finds last week's UK budget,” analysts added.
"The Budget won’t change the Bank’s decision to cut rates again this week. But it does question our long-held view that rate cuts will speed up from now on.
"The risk is that this happens later, and the Bank decides to keep rates on hold again in December."