§ Mr. TredinnickTo ask the Chancellor of the Exchequer if he will make a statement on the position of United Kingdom interest rates relative to those of the United Kingdom's EU partners. [8204]
§ Mrs. Angela Knight[holding answer 9 January 1996]:
Short and long-term interest rates in EU member states are published in tables 3.1 and 3.2 of "Money and Finance (Eurostat)" on a monthly basis. Table 1 gives three-month interbank interest rates and yields on 10-year bonds as of 8 January, for the UK and its EU partners.
EU interest rates 10 year bonds 3-month interbank UK 7.49 6.53 Austria 6.30 3.68 Belgium 6.62 3.74 Denmark 7.15 4.65 Finland 7.03 4.25 France 6.67 5.00 Germany 5.98 3.79 Greece — 15.25 Ireland 7.33 5.58 Italy 10.65 10.38 Netherlands 5.96 3.49 Portugal 9.92 8.60 Spain 9.57 9.10 Sweden 8.34 8.60