Operation of monetary policy

Quarterly Bulletin 1982 Q3
Published on 01 September 1982

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).

PDFOperation of monetary policy

Other Quarterly Bulletin 1982 Q3 articles

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