§ 22. Mr. Wainwrightasked the Chancellor of the Exchequer what control over the volume of private sector borrowing from banks is available to protect the money supply targets.
§ Mr. Ian StewartThe private sector's demand for bank credit can be influenced by interest rates and other policies: for example, measures which reduce borrowing needs or which encourage borrowing outside the banking system.
There is no direct relationship between MO and private sector bank borrowing.