Bank of England cuts interest rate to 4.5 pct

LONDON, Feb. 6 (Xinhua) -- The British central bank announced on Thursday that it would cut the interest rate from 4.75 percent to 4.5 percent, citing concerns about stagnant growth.

The decision was made by the Monetary Policy Committee of the Bank of England (BoE), which voted 7-2 to cut rates. Two committee members called for a bigger rate cut of half a percentage point.

December's inflation rate dropp