Mr Major’s Written Parliamentary Answer on Interest Rates – 25 October 1990

Below is the text of Mr Major’s written Parliamentary Answer on Interest Rates on 25th October 1990.

Mr. Dykes To ask the Chancellor of the Exchequer if he will make a statement on the results of his interest rate policy to date.

Mr. Major Monetary indicators and evidence from the real economy both point firmly to a reduction in inflationary pressures, as a result of the Government’s sustained policy of high interest rates.