BMO Bank of Montreal Reduces CDN$ Prime Lending Rate by 25 Basis Points

    TORONTO, Oct. 10 /CNW/ - In line with current market conditions, the BMO
Bank of Montreal Canadian dollar prime rate has been changed from 4.50% to
4.25% effective October 14, 2008.
    "The federal government's announcement today is a positive move, and will
reduce the cost of funds for all the banks," said Frank Techar, President and
CEO, Personal and Commercial Banking Canada, BMO Financial Group. "We are
pleased to pass on these savings to our customers. We believe this will
benefit Canadians and their businesses."

For further information:

For further information: Media Relations Contacts: Paul Gammal, Toronto,, (416) 867-3996; Lucie Gosselin, Montreal,, (514) 877-1101; Laurie Grant, Vancouver,, (604) 665-7596; Internet:

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