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Chancellor urging mortgage lenders to pass on interest rate cuts

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  • Chancellor urging mortgage lenders to pass on interest rate cuts

    Last week, The Bank of England’s Monetary Policy Committee (MPC) cut interest rates from 5.25% to 5%. This is the third time since December that interest rates have been cut in an effort to protect the economy from the global credit crunch.However, many lenders are yet to pass on the recent interest rate cuts. Instead [...]

    More: Chancellor urging mortgage lenders to pass on interest rate cuts
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