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Interest Rates

Volume 131: debated on Thursday 14 April 1988

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33.

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

43.

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

48.

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

49.

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

Short-term interest rates remain the essential instrument of monetary policy, and within a continuous and comprehensive assessment of monetary conditions, they are set at the level necessary to ensure downward pressure on inflation.