Bank of England base rate cut to 2%

4 December 2008
The Bank of England today lowered its base rate to 2% – the lowest rate in over half a century.... read more »

Falling LIBOR could help reduce mortgage costs

1 December 2008
Three-month LIBOR – the rate at which banks lend to each other, and a benchmark used for pricing mortgages – this week fell to 3.94%. It’s the first time since December 2003, The Telegraph reports, that it has dropped below 4%.... read more »

Lowering LIBOR – the real cost of mortgages

11 December 2008
When the base rate (or `bank rate`) came down, why didn`t the cost of mortgages come down as far and as fast?... read more »

Hope for mortgages as LIBOR falls further

24 October 2008
In a potential boost to the mortgage and loan markets, Wednesday saw the cost of interbank lending fall further as banks displayed increased confidence in market conditions. ... read more »

Loans ‘still not at normal levels’

20 October 2008
Banks’ continued reluctance to lend to each other has seriously restricted the level at which personal loans, mortgages and other forms of credit can be offered, according to the BBC’s business editor Robert Peston.... read more »

Cost of borrowing `falling at fastest rate since January`

15 April 2009
The LIBOR rate (London Inter-Bank Offered Rate) has fallen at its fastest rate since January, according to The Times, suggesting that interest rates on loans and mortgages could fall further.... read more »

Loans: no change in base rate

7 May 2009
The Bank of England today announced it is keeping its base rate at 0.5%, as widely predicted by economists.... read more »

Car loans could become cheaper as LIBOR falls

Interest rates on car loans could be set to fall after The Times reported that the LIBOR (London Inter-Bank Offered Rate) fell to a record low.... read more »

Hope for loans as base rate remains at 0.5%

4 June 2009
The Bank of England has decided to keep its base rate at its historic low of 0.5%, raising hopes that interest rates on personal loans and mortgages could fall - or at least that they won`t rise.... read more »

Banks lending more to small businesses

15 June 2009
New figures from the British Bankers` Assocation (BBA) have suggested that banks are lending more to small businesses, in a potentially positive sign for the economy.... read more »

Inter-bank loan rate falls to lowest level in 23 years

23 July 2009
LIBOR (London Inter-Bank Offered Rate) - the average rate at which banks lend to each other - has fallen below 1% for the first time since 1986, prompting hopes for cuts in interest rates on personal loans and other forms of credit.... read more »