Interest Rates (Hansard, 8 January 1990)

HC Deb 08 January 1990 vol 164 c556W 556W

Mr. Alan W. Williams
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.

§ Mr. Flynn
To ask the Chancellor of the Exchequer what new intitiatives he plans to reduce the level of interest rates.

§ Mr. Ryder
The Government will not reduce interest rates until that can be safely done without risk to inflation.