Hi, Steve The trends of the official discount rate ( the Bank Rate) is the followins. (effective date) 1990.03.20 5.25 1990.08.30 6.00 1991.07.01 5.50 1991.11.14 5.00 1991.12.30 4.50 1992.04.01 3.75 1992.07.27 3.25 1993.02.04 2.50 1993.09.21 1.75 1995.04.14 1.00 1995.09.08 0.50 At 12:35 PM +1000 00.10.24, Steve Keen wrote: >Thanks Akira, > >As I said, my answer was brief--by which I meant very rushed--so I'm glad >it provoked someone who knows more about this to contribute. > >Just a query--I thought the official rate had been near-zero for many >years, from about 1993 till 1999 (at about 0.1%, I thought). Your >correction to my statement here is a bit confusing: do you mean that a rate >of exactly zero was only instituted in March 1999, or that the rate was >moved above zero then? I thought the zero rate was only abolished early >this year. > -- ####################################### MATSUMOTO, Akira Associate Professor on Money and Banking Department of Comprehensive Policy Making Faculty of Law & Letters, EHIME University Matsuyama, Ehime 790-8577, Japan Tel:+81-89-927-9237(office) Fax: +81-89-927-8916 E-mail: amatsu@ll.ehime-u.ac.jp #######################################
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