HL Deb 23 June 1997 vol 580 cc148-9WA
Baroness Miller of Hendon

asked Her Majesty's Government:

Whether they agree with the decisions reached by the Governor of the Bank of England and his Monetary Policy Committee on 6 June.

Lord Simon of Highbury

In the Mansion House speech on June 12 the Chancellor said that the new Monetary Policy Committee had already shown it was prepared to take action to keep inflation under control. Maintaining low inflation is an important part of economic stability on which high levels of growth and employment depend.