Economy: Alan Walters diary (interest rates) [US vetoes then tries to change vote to abstain at UN - "Jeane Kirkpatrick did it deliberately to embarrass Haig"; interest rates] [released 2012]

Document type:	Declassified documents
Source:	Walters MSS (Churchill Archives Centre): WTRS3/1/2
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]