Bank Rate

HC Deb 25 July 1968 vol 769 c179W

Mr. Luard

asked the Chancellor of the Exchequer what was the average Bank Rate during each of the last 10 decades, and during the last nine months.

Mr. Harold Lever

The average Bank Rate during the last 10 decades is set out in the following table:

Per cent.
1868–1877	…	…	…	3.3
1878–1887	…	…	…	3.3
1888–1897	…	…	…	3.0
1898–1907	…	…	…	3.8
1908–1917	…	…	…	4.2
1918–1927	…	…	…	4.8
1928–1937	…	…	…	3.0
1938–1947	…	…	…	2.0
1948–1957	…	…	…	3.5
1958–1967	…	…	…	5.3

The average Bank Rate during the last nine months was 76 per cent.