§ Mr. Oramasked the Chancellor of the Exchequer (1) whether he will state the dates during the last four years on which changes have been made in the Bank Rate; the new rates introduced on each of those dates; and on those same dates
CHANGES IN (1) BANK RATE AND (2) INTEREST RATES CHARGED TO LOCAL AUTHORITIES BY THE PUBLIC WORKS LOAN BOARD Date of change Bank Rate Public Works Loan Board Rates on loans to local authorities of: Not more than 5 years Over 5 but not more than 15 years Over 15 years per cent. per cent. per cent. per cent. Rates in force on 1st July, 1954 3 2¼ 3¼ 3¾ 27th January, 1955 … … 3½ 2¼ 3¼ 3¾ 24th February, 1955 … … 4½ 2¼ 3¼ 3¾ 1st March, 1955 … … … 4½ 3⅛ 3¾ 4 9th July, 1955 … … … 4½ 3¾ 4¼ 4¼ 13th August, 1955 … … 4½ 4⅛ 4½ 4½ 7th September, 1955 … … 4½ 4½ 5 5 14th January, 1956 … … 4½ 5½ 5⅜ 5¼ 16th February, 1956 … … 5½ 5½ 5⅜ 5¼ 24th March, 1956 … … … 5½ 5⅝ 5½ 5½ 23rd June, 1956 … … … 5½ 5¼ 5½ 5½ 20th October, 1956 … … 5½ 5¼ 5¾ 5¾ 7th February, 1957 … … 5 5¼ 5¾ 5¾ 16th February, 1957 … … 5 5¼ 5½ 5½ 13th July, 1957 … … … 5 5¾ 6 5¾ 19th September, 1957 … … 7 5¾ 6 5¾ 28th September, 1957 … … 7 7¼ 6¾ 6¾ 25th February, 1958 … … 7 6½ 6½ 6¼ 20th March, 1958 … … … 6 6½ 6½ 6¼ 22nd May, 1958 … … … 5½ 6½ 6½ 6¼ 19th June, 1958 … … … 5 6½ 6½ 6¼