HC Deb 22 July 1999 vol 335 c637W
Mrs. Anne Campbell

To ask the Chancellor of the Exchequer what assessment he has made of the conduct of monetary policy since May 1997. [91118]

Mr. Milburn

The new monetary policy framework has enhanced the credibility and transparency of monetary policy and is delivering results: inflation is low and close to target, inflation expectations have fallen and long-term interest rates and mortgage rates are at their lowest for over 30 years.