1988 Jan 9 - 1988 Jun 24
Prime Ministerial Private Office files
PREM19/2086
Economic Policy (Domestic monetary policy) (Part 18)
| Document type: | File list item |
|---|---|
| Source: | TNA, PREM19 series |
| Release date: | 2016 Jul 21 |
| Classification: | Secret |
| Page count: | 397 |
| Any docs withheld? |
PREM19/2086 - download whole file (PDF, 278.17 MB)
Selections from this file
Showing items 1 - 20 of 30
| Date | Value |
Title |
|---|---|---|
| 88 Jun 7 Tu | Major | Monetary Policy: Deputy Governor of Bank of England letter to Lord Young ("Report on the Stock Market Fall") [Bank would prefer him not to publish the report] [declassified Jul 2016] |
| 88 Mar 4 Fr | Key | Monetary Policy: Gray minute for MT ("Overnight Market Report") [further heavy intervention overnight to hold down sterling against DM; Lawson not wanting to uncap so near to budget; MT opts to meet with Lawson] [declassified Jul 2016] |
| 88 Mar 3 Th | Key | Monetary Policy: Gray minute for MT ("The Markets") [heavy intervention to hold down sterling against DM; options, including uncapping the pound] [declassified Jul 2016] |
| 88 Mar 3 Th | Major | Monetary Policy: Griffiths minute for MT ("Intervention and the Markets") ["I believe the time is now right to uncap the DM/£ exchange rate"] [declassified Jul 2016] |
| 88 Feb 12 Fr | Major | Monetary Policy: Lawson PS letter to Paul Gray ("Paper for Economic Cabinet") [economic performance, prospects - "the strongest position for many years"] [declassified Jul 2016] |
| 88 Feb 15 Mo | Major | Monetary Policy: Lawson PS minute to Butler PS ("Cabinet 18 February: Chancellor's Paper on Economic Strategy") [historically strong economic performance in 1987] [declassified Jul 2016] |
| 88 Feb 12 Fr | Major | Monetary Policy: Lawson PS minute to Charles Powell ("International Financial Scene") [economic outlook for international debt] [declassified Jul 2016] |
| 88 Feb 10 We | Major | Monetary Policy: Lawson PS minute to Paul Gray ("Accounting for the Reserves in the UK and Germany") [Bundesbank losses on dollar holdings; complexity of comparing the two countries' positions] [declassified Jul 2016] |
| 88 Feb 9 Tu | Minor | Monetary Policy: Lawson PS minute to Paul Gray ("EMCF Swap") [MT asked about apparent negative impact on the reserves, in fact there was none] [declassified Jul 2016] |
| 88 May 26 Th | Major | Monetary Policy: Lord Young letter to Nigel Lawson ("Report on the Stock Market Fall") [Black Monday crash - UK systems stood up well; scepticism as to US "circuit breakers"] [declassified Jul 2016] |
| 88 Jun 13 Mo | Major | Monetary Policy: Nigel Lawson letter to Lord Young ("Report on the Stock Market Fall") [no case for publication, would seem "a somewhat feeble and very belated response to October's events"] [declassified Jul 2016] |
| 88 Jun 1 We | Major | Monetary Policy: Nigel Wicks minute to MT ("Markets") [pound has moved downwards; Lawson will urge 0.5 per cent rate rise tomorrow; "looks right"; MT agreeing] [declassified Jul 2016] |
| 88 Mar 4 Fr | Key | Monetary Policy: No.10 conversation record (MT-Chancellor of the Exchequer) ["Market Management" - Lawson accepts that rate should be allowed to move above DM3 on Monday if sterling still under upwards pressure] [declassified Dec 2016] |
| 88 Jan 4 Mo | Key | Monetary Policy: No.10 conversation record (MT-Chancellor of the Exchequer) [decision to 'uncap' the pound from Monday] [declassified Jul 2016] |
| 88 Jun 24 Fr | Key | Monetary Policy: No.10 conversation record (MT-Chancellor of the Exchequer) [market handling in light of bad trade figures; possible increase in interest rates; Lawson agreed need for "a period of significant tightening of policy", rates at 10 percent or higher] [declassified Jul 2016] |
| 88 Mar 25 Fr | Key | Monetary Policy: No.10 conversation record (MT-Chancellor of the Exchequer-Governor of the Bank of England) ["Exchange Rate Policy"] [declassified Dec 2016] |
| 88 Mar 17 Th | Major | Monetary Policy: No.10 record of conversation (MT, Lawson) ["Interest Rates" - MT agreed Lawson proposal of 0.5 per cent cut at 0945] [declassified Jul 2016] |
| 88 Feb 1 Mo | Key | Monetary Policy: No.10 record of conversation (MT-Chancellor of the Exchequer) [Lawson proposed 0.5 per cent interest rate increase; MT agreed, subject to no intervention to check rise in sterling above 3DM] [declassified Jul 2016] |
| 88 Jun 2 Th | Major | Monetary Policy: No.10 record of conversation (MT-Chancellor of the Exchequer) [Lawson proposed immediate 0.5 per cent increase in interest rates and MT agreed; possible further 0.5 per cent discussed] [declassified Jul 2016] |
| 88 Jan 9 Sa | Minor | Monetary Policy: Paul Gray minute to Lawson PS (Bundesbank profits) [request for comment on Financial Times report] [declassified Jul 2016] |