Interest Rates

Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 16 May 1991.

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Photo of Mr Norman Lamont Mr Norman Lamont , Kingston upon Thames 12:00, 16 May 1991

I do not believe that it would be right to reduce interest rates in order to stimulate the economy, as the hon. Gentleman puts it. Interest rates should, indeed, bear a relationship to inflation.