Minimum Lending Rate (Hansard, 19 July 1979)

HC Deb 19 July 1979 vol 970 c792W 792W

§ 13. Mr. Mike Thomas
asked the Chancellor of the Exchequer if he will make a statement on the impact of the rise in minimum lending rate on other interest rates.

§ Sir Geoffrey Howe
Increases in minimum lending rate directly affect most short-term interest rates, although interest rates are subject to a number of other influences. The impact of MLR changes on long-term rates is generally smaller than on short-term rates.