Analysis of financial statistics

Quarterly Bulletin 1967 Q1
Published on 01 March 1967

At the beginning of the third quarter sterling came under heavy pressure. Bank rate was raised from 6% to 7% on 14th July and official measures to reduce domestic demand were taken soon afterwards.! Nevertheless, after allowing for seasonal factors, output was maintained during the quarter; the volume of personal consumption fell, but public spending increased and exports rose after the end of the seamen's strike.

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