Bank Rate

HC Deb 10 April 1962 vol 657 c94W

Mr. Warbey

asked the Chancellor of the Exchequer what was the average Bank Rate during each of the 5-year periods 1945–50, 1950–55, and 1955–60, and during the period since 1960.

Mr. Barber

The figures (for calendar years) are as follows:

			Per cent.
1.1.45–31.12.49	…	…	2
1.1.50–31.12.54	…	…	2.96
1.1.55–31.12.59	…	…	4.94
1.1.60–7. 4.62	…	…	5.54