Written question asked by Andrew Snowden (Conservative) on Thursday, 18 June 2026, in the House of Commons. It was due for an answer on Monday, 22 June 2026. It was answered by Torsten Bell (Labour) on Thursday, 25 June 2026 on behalf of the Treasury.
Economic Growth: Interest Rates
- Question
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To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of levels of interest rates on economic growth over the next 12 months.
- Answer
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Low and stable inflation is essential for long-term economic growth and sustained increases in living standards. It reduces uncertainty and eases costs for businesses and consumers, allowing them to make long-term planning and investment decisions.
The independent Monetary Policy Committee has the government’s full support as it acts to return inflation to the 2% target sustainably.
Secondary information
- Type
- Written question
- Reference
- 11239
- Session
- 2026-27
- Subjects
- Interest rates Economic growth
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2026-06-25 11:32:44 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2026-27/11239
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2026-27/11239
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2026-27/11239