HC Deb 18 November 1986 vol 105 c174W
Mr. Cohen

asked the Chancellor of the Exchequer if he will provide the Treasury's estimate of average interest rates based on (i) the London clearing banks base rate and (ii) building societies mortgage rates for each quarter in the current financial year.

Mr. Ian Stewart

The relevant average rates for the current financial year thus far are as follows:

1986 quarters Average retail bank base rates Average mortgage rate
Second quarter 10.4 11.7
Third quarter 10.0 11.0
Fourth quarter1 10.7 11.4
1 to date

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