P503 Teletext 503 Oct16 21:01:01    ———————  ————————————————  BANK CAN RESPOND TO RATE CUT ANY $$LE If the Bank of England decides to react to the surprise US interest rate cut, it can call a meeting of its Monetary Policy Committee at any time. The Federal Reserve made a quarter percentage cut in US rates — the second in a fortnight. Rules which came into force when the Bank was made independent after the General Election mean it can make a decision on rates at any time. ——————————————————————————————————————— Share index 510 Market report 517 IT RECRUITMENT ADVERTISING - p631 Next Shares FTSE Company news