Written question asked by Austin Mitchell (Labour), in the House of Commons. It was due for an answer on Monday, 11 July 1994. It was answered by Anthony Nelson (Conservative) on Monday, 11 July 1994 on behalf of the Treasury.

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Treasury

Question

What are the reasons for supporting and participating in recent central bank intervention to support the US dollar; and what effect this has had on interest rates; and various other questions on Bank of England intervention in support of US dollar.

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Secondary information

Type

Written question

Reference

246 c378-9W

Session

1993-94

Subjects

Currencies Bank of England Economic situation Exchange rates Dollar Exchange control