Minimum Lending Rate

HC Deb 29 October 1980 vol 991 c300W

Mr. Thomas Cox

asked the Chancellor of the Exchequer if he will list the changes in bank rate or minimum lending rate for each year since 1945.

Mr. Lawson

The changes in bank rate and the Bank of England's minimum lending rate from 1932 to 1979 are listed inEconomic Trends Annual Supplement 1980 Edition, page 184. The only change since 1979 was from 17 to 16 per cent. on 3 July 1980.