Saturday, 10 January 2009

RBS says it won't pass on the Bank of England's rate cut

2 comments:

Anonymous said...

RBS (royal bank of scotland) said that they will not do the same cut as the bank of england which was 0.5 point they are prepared to cut it at 0.25 because they need to balance the interest of savers and borrowers.

Andy Nan said...

If you have more loans than deposits, you don't pass on the rate cut. If you have more deposits than loans, you pass it on in full.