§ Mr. Martenasked the Chancellor of the Exchequer what has been the number of months since October, 1964, in which Bank Rate has been at 7 per cent. or higher; and what is the last previous period of equivalent length in which the Bank Rate was at 7 per cent. or higher for the same number of months or more.
§ Mr. Harold LeverSince October, 1964, Bank Rate has stood at 7 per cent. or above for a total of about 19 months. There is no previous period of equivalent length in which the Bank Rate was at 7 per cent. or higher for the same number of months.