Onward and downward?
Article Abstract:
United Kingdom interest rates were reduced to 5% in Jun 1999, and had not been so low since 1977. Interest rates could be reduced further since inflation has fallen and inflationary pressures do not appear to have been generated by increased employment. Wages could come under pressure if economic growth improves. Pound sterling has risen in value since fall 1999 and this has dampened inflationary pressure as well as economic growth. The performance of pound sterling will affect interest rate decisions.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
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The campaign for sterling: Black Wednesday
Article Abstract:
British government decisions leading to the removal of the pound sterling from the European Community's exchange rate mechanism on Sep 16, 1992 are analyzed. John Major and Norman Lamont were unsuccessful at persuading Germany to lower its interest rates.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1993
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