LONDON (AFX) - The Bank of England said its Monetary Policy Committee has decided to cut its repo rate by 0.25 points to 4.50 pct. In a statement accompanying the decision, the BoE said early indications are that the consequences of the terrorist attacks in the US for the UK economy will be less severe than for the US. This is the sixth time this year that the Bank has lowered its key governing rate. All the cuts so have been 25 basis points. Rates were last cut on September 18 in an emergency meeting following the terrorist attacks on the US. The overwhelming majority of economist correctly forecast today's 25 basis point cut. The minutes of today's meeting will be published on Wednesday, October 17, along with the minutes of the emergency September 18 meeting.