The background to monetary policy in the three months from mid-May to mid-August consisted of the targets for monetary growth announced by the Chancellor of the Exchequer in the Budget. These targets set a range for increases in sterling M3, PSL2 and M1, over the period from mid-February 1982 to mid-April 1983, of 8%-12% (annual rate).
Published on
01 September 1982
Operation of monetary policy