Base rate cut on the cards but SVRs could stick

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Base rate cut on the cards but SVRs could stick

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11-03-2008, 08:25 PM

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Base rate cut on the cards but SVRs could stick

Homeowners on borrowers’ standard variable rates (SVR) should not get too excited about the prospect of a base rate cut this week.Analysts are predicting that the Bank of England’s Monetary Policy Committee will vote for a cut of between 0.4% and 1% when it meets this week but a senior executive from HSBC has warned [...]

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