This suggest the Bank's Funding for Lending Scheme (FLS) is encouraging more lending to home buyers.
Since FLS started in August, average interest rates have dropped across all types of short-term savings accounts.
The Bank of England will publish its first assessment of the impact of FLS on 3 December.
In that sense, the FLS is an example of the proverbial pushing on a string, in an economy.
Below is a three month price history chart comparing the stock performance of PH, versus FLS and ARG.
FORBES: Parker Hannifin Corp. (PH) Shares Cross Above 200 DMA
And, rather like the FLS, it would be policy forged in the crucible of hunch and optimism, rather than scientific certainty.
Interest rates on savings accounts have been depressed by the government's Funding for Lending Scheme (FLS), according to Moneyfacts.
Two government-backed schemes, Project Merlin and Funding for Lending (FLS) have apparently had little effect on business lending so far.
The Treasury is keen to point out that FLS has had an impact, but so far only on mortgage rates.
The supply of mortgage funds will be increased "significantly" by the Funding for Lending Scheme (FLS), says the Bank of England.
BBC: Mortgage funds to rise significantly, Bank of England says
Buyer confidence was "fragile", he added, even though mortgage rates had become cheaper as a result of the Funding for Lending scheme (FLS).
"Funding for Lending (FLS) should make this easier this year, resulting in more choice at higher loan-to-value deals and better rates, " he added.
He has also announced an expansion of the Bank of England's Funding for Lending Scheme (FLS) in an effort to boost growth in recent weeks.
The FLS data or lack of will probably keep a sidelined BoE until at least the arrival of the new Governor Carney in the summer.
Certainly the available data seems to underwrite the gloom of the bankers about the FLS rather than the optimism of the Treasury and government about it.
Both the Council of Mortgage Lenders and the Royal Institution of Chartered Surveyors have predicted that FLS will help to revive lending and sales this year.
They have yet to feel the full impact of the latest round of QE and the early signs of FLS (funding for lending scheme) require more quarter-data gathering.
The market does not expect any noteworthy fiscal expansion in the budget, but there may be measures on tap with regard to the Funding for Lending Scheme (FLS) or banking sector.
On Thursday, a survey of lenders by the Bank reported that FLS had encouraged more lending in the final three months of 2012, and that there would be a significant further increase in 2013.
Earlier this week, the Council of Mortgage Lenders said the main effect of FLS so far was to make fixed-rate mortgage deals, which account for about two-thirds of all new mortgage borrowing, a bit cheaper than before.
But those who run our biggest banks tell me that the FLS will never on its own either lead banks to increase their net lending to the real economy or in a significant way contribute to economic recovery.
Among the largest underlying components of PHO, in trading today Waters Corp. ( NYSE: WAT) is off about 1.5%, Flowserve Corp. ( NYSE: FLS) is down about 2%, and Pall Corp. ( NYSE: PLL) is lower by about 1.9%.
So, as the FT reports this morning, the Lib Dems in the coalition want the Bank of England's cheap Funding for Lending scheme (FLS) extended beyond the end of January 2014, when it expires, and - in some nebulous way - to provide even more attractive credit to smaller companies.
"Whereas the Funding for Lending Scheme (FLS) was conceived by the UK authorities to mitigate the worst impacts of a potential fresh credit crunch, its launch has in fact coincided with a more positive external funding environment, in part due to European Central Bank actions, " said the CML's chief economist Bob Pannell.
All of which suggests that although the life of FLS will almost certainly be extended for another year or so, and perhaps access to cheap loans from the Bank of England will be widened to lenders that aren't technically banks or building societies, it won't be "put on steroids" (to use the resonant phrase from this morning's FT headline).
Some industry experts, such as the Council of Mortgage Lenders (CML) and the Royal Institution of Chartered Surveyors (Rics), have suggested that activity may pick up further in 2013, helped by the government's Funding for Lending Scheme (FLS) which is channelling cheap funds to banks and building societies, so they can lend more money to businesses and households.
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