Archive

Large scale document archive

1987 Jul 6 - 1987 Dec 8
Prime Ministerial Private Office files

PREM19/2085
Economic Policy (Domestic monetary policy) (Part 17)

Source: TNA, PREM19 series
Release date: 2016 Jul 21
Classification: Secret
Page count: 342
Themes: Economic policy - theory and process, Monetary policy, Trade, Executive

PREM19/2085 - download whole file (PDF, 253.95 MB)

Selections from this file

Showing items 21 - 28 of 28

Date Value Title
87 Oct 28 We Major Monetary Policy: UKE Bonn telegram to FCO ("FRG economy: reactions to developments on the financial markets") ["satisfaction that German financial centres have thus far escaped the more violent fluctuations"; Germans 'unimpressed' by US budget deficit debate disinclined to cut rates] [declassified Jul 2016]
87 Oct 28 We Major Monetary Policy: UKE Tokyo telegram to FCO ("Japanese reaction to the fall in world stock markets") ["fall in Tokyo less severe than elsewhere"; looking for US action on deficits; fear of loss of confidence in US dollar] [declassified Jul 2016]
87 Nov 9 Mo Major Monetary Policy: No.10 record of conversation (MT-Lord Stevens) [performance of the markets] [declassified Jul 2016]
87 Nov 11 We Major Monetary Policy: Treasury minute ("Money Supply in October: 'First Guess'") [Bank of England provisional figures for M0 and M3] [declassified Jul 2016]
87 Nov 27 Fr Major Monetary Policy: Brian Griffiths minute to MT ("Is a Recession Inevitable?") ["Of course the answer must be no" - but question constantly asked of US and therefore UK] [declassified Jul 2016]
87 Dec 1 Tu Major Monetary Policy: Treasury record of conversation ("Monthly Monetary Assessment: November 1987") [exchange rate and domestic monetary indicators; monetary conditions tightening; annex on M0] [declassified Jul 2016]
87 Dec 8 Tu Key Monetary Policy: No.10 record of conversation (MT-Chancellor of the Exchequer) [MT "expressed her very strong concern about the continued very large scale intervention needed to hold sterling below DM3"] [declassified Jul 2016]
87 Dec 28 Mo Major Monetary Policy: Nigel Wicks minute to MT (heavy downward pressure on US dollar) [Treasury says UK not planning to intervene] [declassified Jul 2016]