Reserve Ratios Reduced
(N Z. Press Association) WELLINGTON. July 4. The reserve ratios for balances held by trading banks with the Reserve Bank are reduced by a notice in a supplement to the New Zealand Gazette tonight. Demand liabilities are lowered from-29 per cent, to 27 per cent, with effect from July 4. Time liabilities remain unchanged at 10 per cent.
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Bibliographic details
Press, Volume C, Issue 29557, 5 July 1961, Page 19
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61Reserve Ratios Reduced Press, Volume C, Issue 29557, 5 July 1961, Page 19
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