1988 Nov 4 - 1989 Aug 21
Prime Ministerial Private Office files
PREM19/2630
Economic Policy (Domestic monetary policy) (Part 20)
| Source: | TNA, PREM19 series |
|---|---|
| Release date: | 2016 Dec 30 |
| Classification: | Secret |
| Page count: | 319 |
| Any docs withheld? |
PREM19/2630 - download whole file (PDF, 25.27 MB)
Selections from this file
Showing items 41 - 56 of 56
| Date | Value | Title |
|---|---|---|
| 89 Jun 22 Th | Major | Monetary Policy: Paul Gray minute to MT ("Markets") [Sterling under serious pressure, no particular factor] [declassified Dec 2016] |
| 89 Jun 23 Fr | Major | Monetary Policy: No.10 record of conversation (MT-Chancellor of the Exchequer) [lack of progress in reducing rate of inflation - MT asks for Treasury assessment] [declassified Dec 2016] |
| 89 Jun 28 We | Major | Monetary Policy: Andrew Turnbull minute to Paul Gray (meeting with Chancellor and Treasury on reducing inflation) [Middleton wants prescriptions for future policy not just the past; six possible topics on the history side] [declassified Dec 2016] |
| 89 Jun 29 Th | Major | Monetary Policy: Treasury minute ("Treasury Economic Forecast") [economic growth, monetary policy, inflation] [declassified Dec 2016] |
| 89 Jun 30 Fr | Major | Monetary Policy: Paul Gray minute to MT ("Meeting with Chancellor and Treasury Officials: Wednesday 5 July") ["where did we go wrong over the last 2-3 years with inflation?"] [declassified Dec 2016] |
| 89 Jul 5 We | Major | Monetary Policy: No.10 record of conversation (MT-Lawson-Middleton-Burns-Griffiths) [economic performance and prospects - Treasury papers on the recent rise in inflation and economic forecast] [declassified Dec 2016] |
| 89 Jul 6 Th | Major | Monetary Policy: Paul Gray minute to Alan Walters ("Economic Performance and Prospects") [asks for him to prepare note on sterilisation of 1987-88 intervention; what did the damage, intervention or interest rates?] [declassified Dec 2016] |
| 89 Jul 14 Fr | Major | Monetary Policy: Paul Gray minute to MT ("Intervention, Sterilisation and Funding") [Walters accepts intervention WAS sterilised; real problem was that interest rates were kept too low in order to keep sterling at DM3] [declassified Dec 2016] |
| 89 Jul 16 Su | Major | Monetary Policy: Andrew Turnbull minute to Alan Walters ("Intervention and Sterilisation") [agrees with Walters' main conclusion that interest rates were too low] [declassified Dec 2016] |
| 89 Jul 17 Mo | Major | Monetary Policy: Alan Walters minute to Andrew Turnbull ("Intervention and Sterilisation - 1987-1988") ["I remain convinced that unsterilised intervention did contribute to monetary growth in 1987-88"] [declassified Dec 2016] |
| 89 Jul 17 Mo | Major | Monetary Policy: Alan Walters minute to Paul Gray ("Intervention and Sterilisation - 1987-1988") ["It is the persistence in pegging the exchange rate which is the proximate cause of the monetary expansion"] [declassified Dec 2016] |
| 89 Jul 25 Tu | Major | Monetary Policy: Alan Walters minute to MT ("Prospects for Monetary Conditions: August-September") [cannot foresee any "surprise" in store; "very unlikely" 16 percent rates would be forced on government] [declassified Dec 2016] |
| 89 Jul 27 Th | Major | Monetary Policy: Lawson letter to Conservative MPs ("Chancellor's End-of-Term Letter") [investment boom, rise in inflation] [declassified Dec 2016] |
| 89 Aug 17 Th | Major | Monetary Policy: Treasury minute for Chancellor ("Provisional Money Figures - July 1989") [first figures since Abbey National converted to a bank] [declassified Dec 2016] |
| 89 Aug 18 Fr | Major | Monetary Policy: Dominic Morris minute to MT ("The Economy") [latest trade figures are "awful", second worst ever] [declassified Dec 2016] |
| 89 Aug 21 Mo | Major | Monetary Policy: No.10 record of conversation (MT-Chancellor of the Exchequer) [difficult trade figures; Lawson "felt that the markets would react very badly", but hoped to avoid further interest rate rise] [declassified Dec 2016] |