HC Deb 14 April 1988 vol 131 cc224-5W
33. Dr. Reid

To ask the Chancellor of the Exchequer if he will make a statement on the level of interest rates.

43. Mr. George Howarth

To ask the Chancellor of the Exchequer if he will make a statement on the level of interest rates.

48. Dr. Moonie

To ask the Chancellor of the Exchequer if he will make a statement on the level of interest rates.

Mr. Lilley

Bank base rates are 8 per cent.

49. Ms. Quin

To ask the Chancellor of the Exchequer if he will make a further statement on his policy towards interest rates.

Mr. Lilley

Short-term interest rates remain the essential instrument of monetary policy, and within a continuous and comprehensive assessment of monetary conditions, they are set at the level necessary to ensure downward pressure on inflation.

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