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Press Room

11 November 2008

NatWest and RBS cut its Standard Variable Rate by a full 1.5 per cent.

NatWest and RBS today announce that its Standard Variable Rate mortgages will be cut by 1.50 per cent from 6.69 per cent to 5.19 per cent. The reduction follows a review following the Bank of England's Monetary Policy Committee (MPC) decision to cut rates by 1.50 per cent yesterday and today’s movement in LIBOR. The rate change is effective from 1 December 2008 for existing customers.