The UK economy could be given a post-Brexit vote boost this week as expectations mount that the Bank of England will cut interest rates to a new historic low. 

Bank governor Mark Carney has already signaled policymakers on the Monetary Policy Committee would vote to cut rates over the summer, suggesting a cut in July or August. 

Economists said it was "now probable" rates will be cut on Thursday, with financial markets pricing in a reduction from 0.5% to 0.25%. 

They said it was possible rates may also be lowered to zero in August as the Bank of England struggles to bolster flagging growth and contain the fallout of Britain's vote to leave the EU. 

This would be good news for borrowers, but spell further misery for long-suffering savers. 

Recent signs for UK growth have been worrying, with industry surveys for the services sector and the construction industry pointing to a sharp slowdown, with the latter experiencing its worst month in seven years for June.

Mr Carney also said on unveiling the Bank's Financial Stability Report that Brexit risks to the economy had started to "crystallise". 

UK interest rates have remained at 0.5% since March 2009, when they hit emergency lows amid the financial crisis.

Mr Carney had indicated only last summer that rates may need to rise "around the turn of the year", but Britain is now facing the reality of zero, or even negative, rates. 

Mr Carney has been quick to stress he is personally reluctant to reduce rates lower than 0.25% or into negative territory. 

"As we have seen elsewhere, if interest rates are too low or negative, the hit to bank profitability could perversely reduce credit availability or even increase its overall price," he said in a recent speech. 

The Bank of England has unveiled a series of measures to help limit the Brexit blow, relaxing banking rules to boost their lending firepower by up to £150 billion and pledging to pump in at least £250 billion if needed to calm markets in the immediate aftermath of the Brexit decision. 

And the Chancellor George Osborne has said the Treasury stands ready to expand the Funding for Lending scheme, which offers banks cheap access to finance on the basis that they lend more.