Interest Rates (Hansard, 27 November 1989)

HC Deb 27 November 1989 vol 162 c120W 120W

§ Mr. Allen
To ask the Chancellor of the Exchequer when he expects interest rates to fall.

§ Mr. Ryder
Interest rates will be kept as high as is needed for as long as is needed to bring down inflation.

§ Mr. Bell
To ask the Chancellor of the Exchequer what estimate he has made of the impact of high interest rates on the number of unemployed; and if he will make a statement.

§ Mr. Ryder
The current level of interest rates is designed to bring down inflation. High inflation is the greatest threat to jobs.

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

§ Mr. Ryder
Bank base rates are 15 per cent.