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Mr. Warbey
asked the Chancellor of the Exchequer what was the average Bank Rate during each of the 5-year periods 1945–50, 1950–55, and 1955–60, and during the period since 1960.
Mr. Barber
The figures (for calendar years) are as follows:
| Per cent. | |||
| 1.1.45–31.12.49 | … | … | 2 |
| 1.1.50–31.12.54 | … | … | 2·96 |
| 1.1.55–31.12.59 | … | … | 4·94 |
| 1.1.60–7. 4.62 | … | … | 5·54 |