British Broadcasting Corporation

Page last updated at 19:17 GMT, Thursday, 4 December 2008

Impact of rates cut on consumers

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Both borrowers and savers will be affected by the Bank of England's decision to cut interest rates to just 2%.

Banks have been told they must pass on changes to their customers, but savers and those with tracker mortgages are among those who will not feel any benefit.

Richard Scott reports.

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