Bank Rate

Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 25 February 1960.

Alert me about debates like this

Photo of Mr David Ginsburg Mr David Ginsburg , Dewsbury 12:00, 25 February 1960

I thank the hon. Gentleman for that reply. Has his attention been drawn to a speech made last Friday week by the Governor of the Bank of England in which he said that the main reason for the increase in the Bank Rate was the internal situation? Also, has he noted a statement by his right hon. Friend the Chancellor of the Exchequer that the main reason for the increase in the Bank Rate was the balance of payments position? Can the hon. Gentleman clarify the position?