Financial review

Quarterly Bulletin 1980 Q4
Published on 01 December 1980

The review describes developments in various markets, mainly during the period August to October.

Money-market conditions and the reserve asset position of the banking system continued to be very tight. To offset the constant upward pressures on short-term interest rates, the special measures of assistance provided by the Bank were regularly renewed, until they were eventually terminated in late November and early December. Minimum lending rate (MLR) was reduced from 16% to 14% as part of a package of measures announced by the Chancellor of the Exchequer on 24 November.

PDFFinancial review

Other Quarterly Bulletin 1980 Q4 articles

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