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(AFX UK Focus) 2008-11-07 16:52 Abbey joins Lloyds TSB in passing on BoE rate cut (Interactive Investor) LONDON, Nov 7 (Reuters) - British mortgage bank Abbey said it would join rival Lloyds TSB in passing on the Bank of England's 1.5 percentage point rate cut in full to its variable rate customers. Abbey, owned by Spain's Banco Santander, said late on Thursday it would cut its standard variable rate to 5.44 percent from 6.94 percent in response to the central bank's move. The lower rate takes ...
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