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Archive (Walters MSS)

Economy: Alan Walters diary (interest rates) [US abstains in UN vote; interest rates][released 2012]

Document type: Declassified documents
Source: Walters MSS (Churchill Archives Centre): WTRS 3/1/2
Editorial comments: Read other entries from this diary. View all Walters documents. The original diary can be studied here
Importance ranking: Major
Word count: 94
Themes: Monetary policy

Friday 4th June 1982

Stupid change of vote by US in UN - abstain - Jean Kirkpatrick did it deliberately to embarrass Haig

Interest rates - term structure indicates imminent fall in Base Rates - perhaps next wk

Gvr [Governor of the Bank of England, Gordon Richardson] to write to C/E [Chancellor of the Exchequer, Geoffrey Howe] suggesting that interest rate band to be reduced by 1% point

PM informed that Base Rates are likely to move next week

Very hot - we go to Pirates of Penzance in evening

[5-6 June entries blank]