Rise in interest rates of 2 percent

Title

Rise in interest rates of 2 percent

Genre

Interview

TX Date

16 Sep 1992

Year of production

1992

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Duration

00:02:07

Description

Interview with Mark Boleat, Building Societies Association, about the decision of Chancellor Norman Lamont to raise interest rates by two percent as the pound continues to slide on the European Exchange Rate Mechanism (ERM). He says the immediate future for the housing market is gloomy. Female interviewer not identified.

Contributors

Mark Boleat

Keywords

Housing; UK; Exchange rates; Economic policy; Interest rates; Building societies; Economic recession; Europe; Banks; Currencies; International monetary systems; Mortgages (loans); Norman Lamont

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