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RATE CUT BOLSTERS CONSUMER CONFIDENCE
Consumers' willingness to take on new
debt may have stabilised after falling
sharply earlier this year, says HSBC.
The bank saw inquiries about mortgages,
loans and equity release products at
its branches rose slightly in August.
But the level was still 7.6% lower than
in August 2004 and activity over the
three months to August was 11% down on
the previous quarter. HSBC said the
interest rate cut may have helped.
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National Savings rates 540
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