Interest Rates

HC Deb 29 October 1980 vol 991 c300W

Mr. Thomas Cox

asked the Chancellor of the Exchequer what are the present interest rates of EEC countries, including the United Kingdom.

Mr. Lawson

The table below gives the latest available short and long-term rates for each of the EC countries except Luxembourg, where comparable data is not readily obtainable. The short-term rates are mostly three-month interbank rates and the long-term rates are yields on long-term issues of domestic Government bonds.

	Short-term	Long-term
Germany	9.1	8.4
France	11.3	13.0
Italy	17.9	15.8
Netherlands	10.8	11.3
Belgium	12.1	12.1
Denmark	17.8	20.7
Ireland	14.5	14.5
United Kingdom	16.3	13.1

National or EC sources. Rates relate to the last week in October except: short rate for Denmark (mid-August) and long rates for Belgium, Denmark and Ireland (end-August).