§ 25. Mr. Gouldasked the Chancellor of the Exchequer what is now his preferred indicator in terms of setting monetary targets.
§ Mr. LawsonM1, £M3 and PSL2 are the target monetary aggregates for 1983–84 as set out in the medium term financial strategy. As I said in my Mansion House speech, I shall be considering whether to target a different measure of narrow money. for example MO, in 1984–85.