Archive

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

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Date Valuesort ascending Title
88 Jan 9 Sat Monetary Policy: Paul Gray minute to Lawson PS (Bundesbank profits) [request for comment on Financial Times report] [declassified Jul 2016]
88 Feb 9 Tue 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 Mar 3 Thu 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 Jun 17 Fri Monetary Policy: Paul Gray minute to MT ("The Markets and Interest Rates") [Lawson wants 0.5 per cent increase later next week] [declassified Jul 2016]
88 May 13 Fri Monetary Policy: Paul Gray minute to MT ("Markets") [strong upward pressure on sterling; Lawson favours 0.5 percent cut in rates, Gray and Griffiths oppose it; doubtful prospects for further intervention] [declassified Jul 2016]
88 Jan 11 Mon Monetary Policy: Paul Gray minute to MT ("Market Report: 11 January") [MT: "Acquiring MORE DOLLARS?!"] [declassified Jul 2016]
88 Feb 12 Fri Monetary Policy: Paul Gray minute to MT ("Valuation of the Reserves") [Treasury notes following MT requests after talking with Walters] [declassified Jul 2016]
88 Mar 17 Thu 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 12 Fri 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 10 Wed 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 12 Fri Monetary Policy: Lawson PS minute to Charles Powell ("International Financial Scene") [economic outlook for international debt] [declassified Jul 2016]
88 Feb 15 Mon 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 May 26 Thu 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 Mon 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 7 Tue 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 Jun 1 Wed 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 Jun 1 Wed Monetary Policy: Treasury minute ("The Reserves in May 1988") [$676 rise in the reserves, $814m underlying] [declassified Jul 2016]
88 May 6 Fri Monetary Policy: Treasury minute ("Monthly Monetary Assessment: April 1988") [moderation in growth of economic activity] [declassified Jul 2016]
88 Mar 30 Wed Monetary Policy: Treasury minute ("Monthly Monetary Assessment: March 1988") [indicators suggest a strong economy] [declassified Jul 2016]
88 Feb 5 Fri Monetary Policy: Treasury minute ("Monthly Monetary Assessment: January 1988") [indicators have been more mixed] [declassified Jul 2016]