LOWER BANK RATE.
CO-OPERATION OF AUTHORITIES.
(United Press Association—Copyright.) LONDON, May 2.
The “Daily Mail” says that the simultaneous lowering of the British, French and Belgian hank rates (joints to the co-operation of the world’s central hanking authorities, and indicates that arrangements have been made to avoid big gold movements. The Bank of France’s reduction to 2.1 per cent, is the lowest since IS9B. British trade and industry are not expected to benefit greatly from the reduced rate, as the big banks are refusing to lend to customers below the minimum of five per cent... irrespective of changes in the bank rate.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AG19300503.2.65
Bibliographic details
Ashburton Guardian, Volume 50, Issue 171, 3 May 1930, Page 5
Word Count
102LOWER BANK RATE. Ashburton Guardian, Volume 50, Issue 171, 3 May 1930, Page 5
Using This Item
Ashburton Guardian Ltd is the copyright owner for the Ashburton Guardian. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Ashburton Guardian Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.