Lord Howe on interest rates rise

Title

Lord Howe on interest rates rise

Genre

Interview

TX Date

16 Sep 1992

Year of production

1992

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Duration

00:02:21

Description

Political correspondent Peter Russell interviews former Conservative Chancellor, Lord Howe (formerly Sir Geoffrey Howe) about the decision of current Chancellor Norman Lamont to raise interest rates by two percent as the value of the pound slides in the European Exchange Rate Mechanism (ERM). Howe says the decision is a correct one.

Contributors

Geoffrey Howe; Peter Russell

Keywords

Economics; Exchange rates; Economic policy; Interest rates; Economic recession; Europe; Currencies; International monetary systems; Cabinet ministers; Norman Lamont; UKI

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