Ms Thrussell said: "In so many cases the rate guaranteed limit is set below the current pay rate, so even if base rate
remains unchanged, the provider has the right to lower your rate and still stay within its promise.
During the period,eight of the 10 largest lenders had increased the difference between the Bank's base rate
and their own standard variable rate, with just Nationwide Building Society and HSBC reducing it.
Kelley (1971) recognized the potential relevance of base rates
to morality attributions.
Ranges and their corresponding base rates
Range Base rate
(%) Range Base rate
(%) 1 0-3 7 50-60 2 3-10 8 60-70 3 10-20 9 70-80 4 20-30 10 80-90 5 30-40 11 90-97 6 40-50 12 97-100 Four positive-outcome and four negative-outcome items were selected out of the initial pool for each range, but only three negative-outcome items were available for range 10 and none for ranges 11 and 12.
State-run Vijaya Bank (532401.BO) (VIJAYABAN.NS) (VJBK.NS) has said that it has reduced its base rate
by 0.15 percent to 9.85 percent.
The minister said all the banks have given an assurance that they would review their base rate
this month and they would take an appropriate decision on cutting the base rate
With the introduction of the base rate
from 1 July 2010, banks are required to price all categories of loans with reference to the base rate
Peter Cornish, head of customer offer at NS&I, said: "The changes to our interest rates reflect the fall in the Bank of England base rate
"This has affected banks and building societies across the board, with many of our competitors reducing rates to their savings products over the past month.
Chase de Vere Mortgage Management has a new deal offering a discount on the Bank of Englands base rate
. But that discount improves if England reach the final and again if they win.
Indian' private sector lender HDFC Bank (500180.BO) (HDFC.NS) (NYSE: HDC) has cut base rate
or minimum lending rate by 0.15 percent, The Economic Times reported.