§ 20. Mr. Patchett
asked the Chancellor of the Exchequer what is the current level of interest rates in the United Kingdom; and what information he has on comparable rates in the other six main Organisation for Economic Co-operation and Development countries.
§ Mr. Ian Stewart
Three-month interbank rates in London are around 10 per cent. As in the other main OECD countries, interest rates in the United Kingdom are kept at the level necessary to maintain appropriate monetary conditions.