UK 04-08-2005 Bank of England makes first rate cut in two years In a statement accompanying its interest rate decision, the Bank s monetary policy committee (MPC) The Bank of England on Thursday cut its main interest rate by 25 basis points… Sign in or Upgrade to Continue Reading This news article is over 10 days old. Subscribe today to access all articles with an annual subscription. Become a member Learn more Already a subscriber? Log in here