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Interest Rates

Volume 127: debated on Thursday 11 February 1988

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16.

To ask the Chancellor of the Exchequer if he will make a statement on the level of interest rates in the United Kingdom.

To ask the Chancellor of the Exchequer if he will make a statement about the current level of interest rates.

34.

To ask the Chancellor of the Exchequer if he will make a statement about his policy on interest rates.

Short-term interest rates are the essential instrument of monetary policy and are held at whatever level is necessary to maintain downward pressure on inflation.