Mr. Gouldasked the Chancellor of the Exchequer what have been the levels of interest rates in the United Kingdom, the Federal Republic of Germany and Japan in each quarter of the past three years.
§ Mr. MooreThree-month interbank interest rates for the United Kingdom, together with comparable rates for West Germany and Japan for each quarter of the past three years, are as follows:
Three-month interest rates (per cent. per annum) United Kingdom Japan Germany 1980 1st quarter 18.3 11.5 9.6 2nd quarter 16.9 11.6 10.1 3rd quarter 15.8 11.3 9.0 4th quarter 14.8 9.9 10.3 1981 1st quarter 12.7 7.9 13.6 2nd quarter 12.5 7.4 13.1 3rd quarter 15.7 7.3 12.5 4th quarter 15.7 6.8 10.8 1982 1st quarter 13.6 6.4 9.9 2nd quarter 13.1 7.1 9.3 3rd quarter 10.9 7.2 8.2 4th quarter 10.5 7.0 6.6 1983 1st quarter 10.8 6.7 5.5 2nd quarter 9.2 6.5 5.5 These are averages for the last month of the quarter. Together with other short and long term interest rates they are available for the United Kingdom in Financial Statistics and for West Germany and Japan in the respective country pages of the OECD's monthly "Main Economic Indicators". Second quarter figures for this year for Germany and Japan are from Bank of England sources.