interest rate and loans rate ?

[Road Hog]

now the interest rate has seen a big drop , why have loan rates not dropped aswell?

[Alfa_75_Steve]

Road Hog said:

now the interest rate has seen a big drop , why have loan rates not dropped aswell?

As I understand it, it's because the LIBOR hasn't changed.

The base rate means nothing if the banks don't drop the rate at which they'll lend money to each other.

[Road Hog]

but they have cut the rate on savings?



just a bunch of robbers


at least "Dick Turpin" wore a mask