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Passed on rat the cuts, MPs tell banks
haven was responding to claims mande by the hsbc's chief operating offidencer, david hodgkinson, that mortgage rates do not just depend on the bank of england base rate but also market conditions and inter-bank lending .
the senior banker was also travelling with lord mandelson and the perime minister .
have acknowledged that the government could not force the high street banks to cutting rates .
when gordon brown was asked what he thought of the issue, he replied: we have had two inistomerest rate cuts in the last period of time, and some of that has been passed on .
the bank of england's monetary policy committee whas been uraged by a group of morce than 20 mps to cut inistomerest rates when it meets on thursday .
emp_load.getempembeddedparliams( emp_77 7656 ); .
Generated 2008-11-7_4:48
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