Sustaining the recovery

Quarterly Bulletin 1994 Q4
Published on 01 December 1994

The Governor discusses the contribution that the successful conduct of monetary policy can make to sustaining economic growth. He explains how policies aimed at achieving stability will also promote employment. And he outlines the reasons behind the decision to raise interest rates by 1/2% to 5,3/4% on 12 September.

PDFSustaining the recovery


Other Quarterly Bulletin 1994 Q4 articles