THE dynamic duo of First Minister Peter Robinson and deputy First Minister Martin McGuinness summoned bank chiefs on Wednesday to urge the four local banks to pass on interest rate cuts to their customers.
With the Bank of England slashing interest rates to first 3% and then 2% Ministers wanted the cut passed on to personal and business customers.
The Banks left the meeting to find a posse of press ready to doorstep them with a flurry of questions.
There followed a hasty explanation of the difference between base rate and the inter-bank lending rate…and how the local banks are doing their best.
And, one caller to local radio reminding all concerned that the majority of mortgages in Northern Ireland were with main land UK-based lenders….
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