HC Deb 24 November 1992 vol 214 cc568-9W
Mr. Matthew Banks

To ask the Chancellor of the Exchequer at what level interest rates were set(a) in each of the 14 days prior to leaving the exchange rate mechanism and (b) in each of the 14 days afterwards.

Mr. Nelson

The information is as follows:

Clearing Banks' Base Rates1
1992 Rate
September 2—September 15 10
September 16 12
September 17—September 21 10
September 22—September 30 9
1Clearing banks do not necessarily all change their base lending rates on the same day.