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Interest Rates

Volume 113: debated on Monday 30 March 1987

The text on this page has been created from Hansard archive content, it may contain typographical errors.

asked the Chancellor of the Exchequer if he will publish a table showing the average base interest rates for each quarter of the last even years in the United Kingdom, together with corresponding figures for West Germany, Holland, Austria and Switzerland for the same period.

The information requested for the United Kingdom is set out in the table. I regret that comparable data for base rates are not available for the other countries.

United Kingdom Base Rates1 from the first quarter of 1980 (in per cent.)
1980Q1 17
Q2 17
Q3 16
Q4 15 ¼
1981Q1 13½
Q2 12
Q3 12¼
Q4 15¼
1982Q1 13 ¾
Q2 12 ¾
Q3 11¾
Q4 9¾
1983Ql 10¾
Q2 10
Q3 9½
Q4 9
1984Ql 9
Q2 9
Q3 11
Q4 10
1985Ql 13
Q2 12¾
Q3 11¾
Q4 11½
1986Ql 12¼
Q2 10½
Q3 10
Q4 10¾
1 Figures are quarterly averages.

Source: CSO, "Financial Statistics".