HC Deb 30 November 1964 vol 703 cc23-4W
Mr. Stratton Mills

asked the Chancellor of the Exchequer at what time he made official notification to Mr. W. M'C. Martin, Chairman of the United States Federal Reserve Board, of the recent increase in Bank Rate.

Mr. Callaghan

Official notification was sent to the Federal Reserve Board, as to the other Central Banks, by the Bank of England directly the increase in Bank Rate was announced.

Mr. Stratton Mills

asked the Chancellor of the Exchequer if he will list the persons, and the bodies they represent, who receive advance notice of Bank Rate increases.

Mr. Callaghan

Prior knowledge of such changes is limited to a small number of people who need to know. These will vary slightly on different occasions.