| Level | Item |
| Reference Number (click to see whole series/group) | G1/76 |
| Extent | 1 file |
| Title | GOVERNOR'S FILE: FINANCIAL AND MONETARY POLICY - BACKGROUND PAPERS TO EXCHANGES OF VIEWS PRINCIPALLY AT GOVERNOR, CHANCELLOR, AND CLEARING BANK CHAIRMAN LEVEL, WITH BANK AND TREASURY (HMT) |
| Date | 6 Feb 1958 - 25 Jul 1958 |
| Description | The Chancellor's 'memorandum of guidance' to the Capital Issues Committee (CIC) and the consequential letter from the Governor to the Banks in 1945 revised Apr and July 1958.
Background to changes in Bank Rate:
1958 Mar 6%; May 5½%; June 5%.
Reaction/Comment by Clearing Banks to Credit squeeze 1958. Self-denying ordinance relating to competition. Government expenditure and Nationalised Industry borrowing. Introduction of Special Deposit Scheme, 1958. |
| Original Reference | S130v8 |