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Bank lending rates ease

Lending rates between banks have edged lower as global bail-outs begin a gradual thaw in frozen money markets.

Three-month borrowing costs between banks eased from 6.25% to 6.21% - although this is still well above the Bank of England's 4.5% interest rate.

Efforts to get money markets moving have involved governments and banks pumping hundreds of billions of pounds into the system to make cash available.

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