- There was no change in UK official interest rates, which remained 5¾% throughout the period from July to September.
- Sterling ended the period stronger, at its highest level on the effective exchange rate index (87.0) since March 1995.
- Gilt sales of £11.2 billion were made in the period, bringing total gilt sales for the fiscal year to date to £22.3 billion.
Published on
01 December 1996
The operation of monetary policy