Commentary

Quarterly Bulletin 1963 Q3
Published on 01 September 1963

Sterling has been generally firm since March, and the short-term assistance provided by overseas central banks during the first quarter of the year was repaid in June. At home the economy has been expanding, and there has been a greater fall in unemployment since February than would have been expected merely from better weather and other seasonal factors. Credit meanwhile remains easy for the most part, and interest rates have not changed very much during recent months.

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