HC Deb 11 May 1961 vol 640 c72W
Mr. C. Osborne

asked the Chancellor of the Exchequer if, in view of the fact that the German Bank Rate has just been reduced from 3½per cent. to 3 per cent., and that the rate in the United States of America is 3 per cent., in Switzerland 2 per cent., in the Netherlands, Norway and France 3½per cent., as against London's 5 per cent., he will seek greater Central Bank co-operation in the western world for the unification, and the lowering, of money rates everywhere, so as to reduce the heavy charges on industry and the social services; and if he will make a statement.

Mr. Barber

While recognising the importance of the objectives my hon. Friend has in mind, I have nothing to add to the Answers given to him on 22nd November, 1960, and 28th February, 1961.

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