§ Mr. Gouldasked the Chancellor of the Exchequer what is his estimate of the effect of minimum lending rate of 14¾ per cent. on the money supply and the exchange rate.
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§ Mr. Denzil DaviesThe rise in the general level of interest rates associated with the net increase during the autumn in minimum lending rate has assisted in restraining the growth of money supply and stabilising conditions in the foreign exchange market.