HC Deb 30 October 1957 vol 575 c68W
100. Mr. Hamilton

asked the Chancellor of the Exchequer if he will ensure that in future changes in the Bank Rate will be announced only when the Stock Exchange is closed.

Mr. Birch

The level of Bank Rate is decided upon by the Court of the Bank of England normally at its weekly meeting on Thursday morning and there seems nothing to be gained—rather the reverse —in delaying the announcement of that decision until after the Stock Exchange is closed.