BMO Bank of Montreal Reduces Home Equity Lending Rates



    TORONTO, Oct. 10 /CNW/ - BMO Bank of Montreal announced today that it is
decreasing the rates on the following products by 0.25% to 5.25% effective
October 14, 2008:

    
    -   Homeowner and Small Business Homeowner Readiline Variable rate
        Instalment portions
    -   Homeowner and Small Business Homeowner Readiline Revolving
    

    The change in rate only affects new and renewal applications.





For further information:

For further information: Media Relations Contacts: Jodi Salem, Toronto,
jodi.salem@bmo.com, (416) 867-3996; Lucie Gosselin, Montreal,
lucie.gosselin@bmo.com, (514) 877-1101; Laurie Grant, Vancouver,
laurie.grant@bmo.com, (604) 665-7596


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