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[Dusty]

The Bank of England has just cut interest rates by 1% to 2%.

Of The last 1.5% cut of last month...my lender only passed on 1.1%

Lets hope that the banks are minded to pass on the full cut this time.  

Governor of the Bank of England Mervyn King has suggested that "more stick and less carrot" may be used on the banks in future if they do not comply.

I say the sooner the better.

[3.2xplodmark]

its about time cuts were passed on

[Jimbob]

I got all the last one, and been promised all of this one

[markey mark]

im looking for a new deal as we speak !!  

[Dusty]

I got all the last one, and been promised all of this one

[/highlight]

Seems like we are with the wrong bank. :-/

[Danny]

I think i could benefit from this then

[Martin_1962]

+0.99% tracker

Down by £85 so far tso this is another £42

This will pay for my WIMing after Christmas

[Mr Skrunts]

I got the interest cut passed on immediately . . . . on my savinggs account.  :-/

[cem_devecioglu]

no problem with interest rates as I dont keep/have anything in the bank

[cem_devecioglu]

actually the bast***s dont apply any interest for my salary accounts

so I'll let them 0.0

[HerefordElite]

can we all please stop talking about interest rate cuts, i'm still on a fixed rate (4.6%) for another 2 years.

We'll come out of it just in time for the rates to go back up i expect

[Dusty]

Apparently only 25% of lenders passed on the full 1.5% cut last month.

75%  passed on either part or nothing at all of the last cut.

The banks are a disgrace.

All of the taxpayers money that has been used to stop the banks from folding,and yet they are as dismissive as ever of the british people. :-/ :-/ :-/

[cem_devecioglu]

may be not relevant,

but from production point of view banks produce nothing ..

they take your money , use and give you a very small comission..

and if you take credit they take off your skin

curious now who will jump

[Markie]

...and it will drop further folks - probably settling around 1.5% but dont rule out even less  :-/

[MarkG]

My lender passed on 0.75% of the previous 1.5% drop but effective only from 1 Dec. Payments go out on 27th of the month.

I was really disgusted until I realised that my new rate of 4.49% is not too bad. I hope they will pass on the last reduction but am only expecting 0.5%