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Interest Rates

Volume 162: debated on Monday 27 November 1989

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To ask the Chancellor of the Exchequer when he expects interest rates to fall.

Interest rates will be kept as high as is needed for as long as is needed to bring down inflation.

To ask the Chancellor of the Exchequer what estimate he has made of the impact of high interest rates on the number of unemployed; and if he will make a statement.

The current level of interest rates is designed to bring down inflation. High inflation is the greatest threat to jobs.

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