HC Deb 23 January 1987 vol 108 c784W
Mr. Dubs

asked the Chancellor of the Exchequer what is the current prevailing rate of United Kingdom interest; and what information he has on comparable rates in the United States of America, West Germany, France and Japan, respectively.

Mr. Ian Stewart

Three-month interbank rates in London are around 11 per cent. As in other main OECD countries, interest rates in the United Kingdom are kept at the level necessary to maintain appropriate monetary conditions.

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