Interest Rates

HC Deb 19 June 1986 vol 99 cc630-1W

55. Mr. Latham

asked the Chancellor of the Exchequer whether he will make a statement on the level of interest rates.

Mr. Ian Stewart

Base rates have been reduced by 2½ per cent. since the Budget.

57. Mr. Janner

asked the Chancellor of the Exchequer whether he will make a statement on the current level of real interest rates.

58. Mr. Haynes

asked the Chancellor of the Exchequer if he will make a statement about the level of real interest rates.

Mr. Ian Stewart

Our aim is to maintain, on average, a level of short-term interest rates that will deliver the monetary conditions needed to reduce inflation.