P111ORACLE 111 Fri18 Apr ITV 1646:44
INTEREST RATES DOWN,
MORTGAGE CUT SOON
Barclays, Midland, NatWest and Lloyds
have cut their base lending rates to
10↑5% from 11%.
The deposit rate, paid to investors,
is also being cut from 5.25% to 4.75%.
A Barclays spokesman said: "Market
conditions give us the welcome
opportunity to make a further cut of
0→5% in our base rate."
The Halifax, the biggest building
society, immediately said it expected
to announce lower mortgage rates
early next week.
A cut of between 0.5% and 1% is likely.
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