Global Analysis 07-02-2003 Bank of England cuts rate while ECB holds firm The Bank of England yesterday surprised the markets by cutting its primary interest rate by a quarter of a percentage point to 3.75 per cent, the lowest rate since 1955…… 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 #bank#Bank of England#interest rates#recession#risk