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UK's Brown to press banks to lower lending rates - International Herald Tribune
LONDON : British Prime Minister Gordon Brown said Friday he will press bankers to pass on lower interest rates to consumers to ensure the economy benefits from the Bank of England's sharp rate reduction announced Thursday. The Bank of England cut its ...

UK's Gordon Brown says he will press banks to pass on official ... - Newsday
LONDON (AP) — British Prime Minister Gordon Brown said Friday he will press bankers to pass on lower interest rates to consumers to ensure the economy benefits from the Bank of England's sharp rate reduction announced Thursday. The Bank of England ...

Interest rates cut: A mortgage rate of below 1pc - Daily Telegraph
Many lucky borrowers who took out a tracker mortgage last year will soon be paying less than 1pc on their mortgage repayments following the Bank of England's decision to cut rates to 2pc. Last year, for example, Cheltenham & Gloucester offered a ...

Interest rates cut: What should mortgage borrowers do next? - Daily Telegraph
Following the Bank of England's decision to cut interest rates to 2pc, many mortgage borrowers will be wondering whether they should switch to another deal or stick with their existing loan. We asked the experts for their views on the various options ...

UK's Brown to press banks to lower lending rates - San Francisco Gate
Friday, December 5, 2008 The Bank of England cut its key lending rate from 3 percent to 2 percent, the lowest level since 1951. Some banks have passed on the full reduction to holders of flexible-rate mortgages, but others have reduced mortgage rates ...

Banks urged to pass on historic cut - Guardian Unlimited
Britain's bailed-out high street banks risked the wrath of the government last night after they refused to pass on to all their mortgage customers the full benefits of the Bank of England 's decision to cut borrowing costs to the lowest level since ...

Has your lender cut rates? - Times Online
The Bank of England has moved to stimulate the economy and boost the fortunes of millions of hard-pressed homeowners with a third cut in interest rates in as many months. Millions of borrowers on tracker mortgages, pegged to the base rate, will ...

Banks face pressure on rate cut - BBC News
Banks and building societies are coming under increasing pressure from MPs to pass on the latest cut in interest rates to their mortgage customers. Some of the major lenders made an immediate decision to pass on the 1% Bank of England rate cut to ...

Banks pass on mortgage rate cut - Ananova
Royal Bank of Scotland and Bradford and Bingley have become the latest lenders to announce they will pass on some of Thursday's 1% interest rate cut to its borrowers. The Royal Bank of Scotland, which also lends under the NatWest brand, said it was ...

U.S. weighs plan to cut mortgage rates - Daily Herald
WASHINGTON -- The head of the government's financial system rescue effort said Thursday the Treasury Department is considering a program to encourage banks to make mortgage loans at low rates to help revive the battered housing market. Under the ...