Banks spurn loan facility

Story date: 2007-10-02 08:29:00
Added on: 2007-10-02 09:21:21

MSN UK News - ... rate of 6.75% - 1% above the base rate and about 0.5% higher than the current ... of borrowing on the wider money markets, on which it is reliant to fund its mortgage ... the Bank's £10 billion loan would have been put off by the high interest rates. ...


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