The Bank of England's Monetary Policy Committee left the minimum lending rate unchanged at 7 . 25 percent, in line with many economists'expectations.
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The Bank of England's Monetary Policy Committee announces at noon London time today whether it has decided to change the minimum lending rate.
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The lowering of the minimum lending rate is therefore likely to trigger a cut in bank base rates to 5 . 75 percent.
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The drop followed the Bank of England's announcement that it was cutting its minimum lending rate from 6 percent to 5 . 75 percent.
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The FIDF bond offers a coupon rate equivalent to the minimum lending rate ( MLR ) of four large-sized banks, plus 1.5 per cent.
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The Bank of England signaled a quarter-point increase in U . K . banks'base rates by raising its minimum lending rate to 6.0 percent.
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Industrial Development Bank of India, the country's largest financial institution, raised its minimum lending rate to 16 percent, from 15 . 5 percent Monday.
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The Bank of England reduced its minimum lending rate from 6.5 percent to 6.25 percent Thursday, the second rate cut in as many months.
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The central bank raised its minimum lending rate to 6.0 percent from 5.75 percent, prompting British commercial banks to adjust their base loan rates.
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At present, minimum lending rates at local banks stand at 13.75 to 15.25 percent, while fixed deposit rates stand at 6.75 to 8 percent.
