30.1

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					TABLE 30.1 WHOLESALE INTEREST AND DISCOUNT RATES
                 Interest rates
                 Sterling interbank rates (midpoint)                                                         3 month                                    Bank of England repo rate
                                                                                                             Euro-currency offered rates
                  SONIA (a)       1 week      2 week    1 month     3 month      6 month       1 year                US       Euro (b)                  Date effective
 End-qtr level
          IUQ          SOIA      VWKA         VWLA       VNEA          AMIJ       VSMA        VYRA                ED3O         ERB3                          IUM              BEDR
    1998 Q2             7.42       7.41         7.41      7.46          7.80        7.86       7.95                5.65         4.24                    1998 Oct 8             7.25
           Q3           7.47       7.44         7.47      7.40          7.28        7.13       6.86                5.28         4.12                        Nov 5              6.75
           Q4           5.27       6.35         6.32      6.27          6.18        5.83       5.52                5.06         3.24                       Dec 10              6.25

     1999 Q1            6.38         5.38        5.38       5.30        5.22         5.13        5.16               4.93        2.97                    1999 Jan 7              6.00
          Q2            5.58         5.00        5.00       5.03        5.11         5.16        5.41               5.38        2.67                        Feb 4               5.50
          Q3            5.57         5.32        5.35       5.33        5.46         5.90        6.27               6.00        3.13                        Apr 8               5.25
          Q4            3.04         3.69        4.63       5.28        5.97         6.22        6.63               6.03        3.34                       Jun 10               5.00
End-month level                                                                                                                                             Sep 8               5.25
     IUM(c)            SOIA      VWKA         VWLA       VNEA          AMIJ       VSMA        VYRA                ED3O         ERB3                         Nov 4               5.50
    1999 Dec            3.04       3.69         4.63      5.28          5.97        6.22       6.63                6.03         3.34
                                                                                                                                                    2000 Jan 13                 5.75
Monthly average
      IUMA             SOIA      VWKA         VWLA       VNEA          AMIJ       VSMA        VYRA                ED3O         ERB3                     UK Banks' base rates (d)
   1998 Dec             6.37       6.43         6.52      6.54          6.38        6.08       5.77                5.23         3.43                    Date effective
                                                                                                                                                              IUM            AMIH
     1999 Jan           5.99         6.02        6.02       5.99        5.80         5.57        5.40               4.98        3.13                    1998 Oct 8             7.25
         Feb            5.79         5.66        5.63       5.59        5.43         5.30        5.24               4.98        3.09                        Nov 5              6.75
         Mar            5.58         5.47        5.44       5.40        5.30         5.24        5.26               4.99        3.07                       Dec 10              6.25
         Apr            5.33         5.30        5.28       5.26        5.23         5.20        5.24               4.95        2.71
         May            5.27         5.28        5.30       5.29        5.25         5.24        5.35               4.99        2.62                    1999 Jan 7              6.00
          Jun           4.90         4.98        5.04       5.10        5.12         5.14        5.36               5.18        2.66                        Feb 4               5.50
           Jul          5.00         5.01        5.02       5.04        5.07         5.25        5.45               5.31        2.68                        Apr 8               5.25
         Aug            4.85         4.94        4.99       5.07        5.18         5.51        5.82               5.46        2.70                       Jun 10               5.00
         Sep            4.93         5.00        5.06       5.13        5.32         5.77        6.13               5.57        2.73                        Sep 8          5.00-5.25
          Oct           5.06         5.15        5.24       5.33        5.94         6.06        6.41               6.19        3.37                       Sep 10               5.25
         Nov            5.25         5.27        5.32       5.33        5.78         5.94        6.31               6.10        3.45                        Nov 5               5.50
         Dec            4.78         5.02        5.21       5.64        5.97         6.15        6.51               6.15        3.45
                                                                                                                                                    2000 Jan 13                 5.75
                 Interest rates (continued)                                                                  Discount rates
                 Gilt repo GC rates (e)                                                                      Eligible bills                3 month                       3 month Euro/
                                                                                                                                           Treasury Bills                Ecu Bills(f)
                   Overnight      1 week      2 week    1 month    3 months     6 months       1 year           1 month     3 month          Sterling        US $               Euro
 End-qtr level
          IUQ         GRON        GR1W        GR2W       GR1M         GR3M        GR6M         GR1Y               VJND        AJND            AJNB          LUST               LEB3
           Q2           7.45        7.26        7.28      7.38         7.52        7.58         7.45               7.43        7.55            7.36          4.99               4.02
           Q3           7.43        7.38        7.36      7.25         7.03        6.77         7.43               7.22        7.08            6.75          4.38               3.93
           Q4           5.45        5.60        5.80      5.78         5.69        5.49         5.45               5.94        5.88            5.56          4.53               2.96
     1999 Q1            5.95         5.08        5.11       5.03        4.90         4.83        4.87               5.13        5.01            4.87          4.47              2.75
          Q2            4.95         4.75        4.75       4.75        4.79         4.82        5.06               4.86        4.88            4.71          4.83              2.42
          Q3            5.33         5.22        5.23       5.21        5.30         5.45        5.83               5.20        5.32            5.18          4.82              2.56
          Q4            3.30         3.75        4.80       5.20        5.54         5.88        6.26               5.39        5.69            5.62          5.38              3.08
End-month level
      IUM(c)          GRON        GR1W        GR2W       GR1M         GR3M        GR6M         GR1Y               VJND        AJND            AJNB          LUST               LEB3
    1999 Dec            3.30        3.75        4.80      5.20         5.54        5.88         6.26               5.39        5.69            5.62          5.38               3.08

Monthly average
      IUMA            GRON        GR1W        GR2W       GR1M         GR3M        GR6M         GR1Y               VJND        AJND            AJNB          LUST               LEB3
   1999 Dec             6.32        6.21        6.17      6.03         5.91        5.65         5.42               6.15        6.05            5.72          4.48               3.12

     1999 Jan           5.90         5.88        5.85       5.76        5.47         5.27        5.08               5.80        5.63            5.28          4.43              2.85
         Feb            5.66         5.49        5.45       5.38        5.20         5.03        4.94               5.43        5.28            5.04          4.53              2.83
         Mar            5.45         5.31        5.27       5.16        5.03         4.95        4.96               5.23        5.11            4.92          4.56              2.78
         Apr            5.26         5.14        5.12       5.07        5.00         4.93        4.96               5.12        5.02            4.90          4.38              2.42
         May            5.18         5.14        5.13       5.07        5.01         5.00        5.04               5.17        5.08            4.93          4.61              2.33
          Jun           4.83         4.86        4.88       4.85        4.87         4.89        5.03               4.95        4.94            4.76          4.68              2.39
           Jul          4.88         4.85        4.84       4.82        4.81         4.80        5.08               4.88        4.89            4.76          4.66              2.41
         Aug            4.86         4.84        4.83       4.84        4.95         5.04        5.43               4.90        4.94            4.85          4.82              2.53
         Sep            4.94         4.98        5.01       5.05        5.16         5.29        5.70               5.07        5.16            5.08          4.81              2.59
          Oct           5.04         5.13        5.17       5.23        5.34         5.59        5.98               5.27        5.42            5.25          4.98              2.93
         Nov            5.22         5.23        5.26       5.28        5.33         5.58        5.98               5.34        5.43            5.20          4.96              3.07
         Dec            4.94         5.02        5.16       5.20        5.54         5.82        6.20               5.41        5.59            5.49          5.34              3.16
Notes to Table 30.1
(a) SONIA is the sterling overnight interbank average.
(b) Prior to Jan 99, this series gives the 3 month Ecu euro currency offered rate (series LEL3). Post Jan 99, Frankfurt fixing (Euribor).
(c) For months between end-quarter periods, interim end-month data appear here.
(d) Data obtained from Barclays Bank, Lloyds Bank, HSBC Bank and National Westminster Bank whose rates are used to compile this series. Where all the rates did not change
    on the same day a spread is shown.
(e) No data available prior to March 1996. GC rates are the repo rates on "general collateral" gilts; unspecified gilts used as "collateral" against cash loans. Rates are collected by
     the Bank from a cross-section of market participants. Data on outstanding Gilt repo and stock lending are available in Table 23.
(f) Euro bills only have a single maturity date in any given month, namely the Thursday after the second Tuesday of the month. The end-quarter rate reflects the rate on the bill with
just under 3 months remaining to maturity. The monthly average is for the bill maturing in the month three months later.




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                3 month Euro/




 all the rates did not change




reflects the rate on the bill with




                                     T141