Economy: Alan Walters diary (Economic forecasts) [Sure 16 percent interest rate is too high][released 2012]
| Document type: | Declassified documents |
|---|---|
| Source: | Walters MSS (Churchill Archives Centre): WTRS3/1/1 |
| Editorial comments: | Read other entries from this diary. View all Walters documents. The original diary can be studied here |
| Importance ranking: | Major |
| Word count: | 85 |
| Themes: | Monetary policy, Public spending & borrowing |
Friday 9th October 1981
Burns, Middleton, Ridley re Econ forecasts
(a) How to get off the £M3 targets - they are bound to run at 15% - mostly due to new Bank competition.
(b) Interest rates - the final twist to 16%