HC Deb 21 March 1985 vol 75 c596W
21. Mr. Hirst

asked the Chancellor of the Exchequer if he will make a statement on the current level of interest rates.

Mr. Ian Stewart

I am confident that interest rates are currently sufficient to secure sound monetary conditions and to provide continued downward pressure on inflation. Interest rates will continue to be at whatever level is necessary for that purpose.

34. Mr. Barron

asked the Chancellor of the Exchequer if he will assess the effect of his Budget proposals on the level of interest rates.

57. Mr. Thurnham

asked the Chancellor of the Exchequer if he will assess the effect of his Budget on interest rates.

Mr. Ian Stewart

As my right hon. Friend made clear in his Budget speech, short-term interest rates will be held at the level needed to maintain monetary conditions that will continue to bring down inflation.