The cost of inter-bank lending has decreased markedly in reaction to the Bank of England's base rate cut, falling by over 1% today.
Industry experts say the Bank of England's historic interest rate cut will be pointless if savings are not passed on to ordinary borrowers.
The European Central Bank (ECB) has cut Eurozone interest rates to 3.25% to stave off the risk of recession.
The Bank of England has slashed interest rates by a further 1.5% to boost Britain's ailing economy.
House prices have plummeted 15% over the past twelve months and are now falling at their fastest rate for over 25 years.
Cheltenham & Gloucester (C&G) has withdrawn its tracker range after other lenders moved to re-price tracker products.
Fixed rate mortgages have seen their popularity fall significantly since the Bank of England's shock rate cut last month, new research suggests.
The Bank of England tomorrow faces its toughest interest rate decision since it was given independence more than a decade ago, experts say, as pressure for a 1% cut builds.
Eight in ten mortgage lenders have failed to pass on the full benefit of the last three interest rate cuts to their customers, according to Moneyfacts.co.uk.
Safeguards are needed to protect the UK banking system from the risks it faces, and countercyclical regulation is essential to prevent future crises, according to the Bank of England.