Interest Rates (Hansard, 30 November 1988)

HC Deb 30 November 1988 vol 142 c268W 268W

§ Mr. Win Griffiths
To ask the Chancellor of the Exchequer if he will make a statement on the current level of interest rates.

§ Mr. Lilley
Bank base rates are 13 per cent.

§ Mr. Dunnachie
To ask the Chancellor of the Exchequer what estimate he has made of the future movement in interest rates over the next year.

§ Mr. Lilley
[holding answer 29 November 1988]: Interest rates will remain as high as they need be, for as long as it takes, to bring inflationary pressures back under control.