RBS and Lloyds (LLG) both hiked their variable mortgage rates over the weekend despite the BoE...

|By:, SA News Editor
RBS and Lloyds (LLG) both hiked their variable mortgage rates over the weekend despite the BoE sitting on the short end and engaging in QE, and the ECB's pumping out of near-free cash. TMM notes if the taxpayers are going to have to support these puppies, perhaps they should be as quick to cut rates as they are to hike them.