Interest rates increased
(N.Z. Press Association) WELLINGTON, Nov. 9. The Minister of Finance (Mr Muldoon) has announced that the Local Authorities Loans Board had, with his concurrence, increased the rates of interest for short-term local authority borrowing.
The new rates, which come into effect from November 6, are: One year, 4.80 per cent (previously 4.4 per cent); two years, 5.15 per cent (4.8 per cent); three years, 5.25 per cent (5.0 per cent);. four and five years, 5.50 per cent (5.3 per cent); six to nine years, 5.75 per cent (5.7 per cent). The new rates come after the revised short-term rates for Government stock and Treasury bills.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19701110.2.188
Bibliographic details
Press, Volume CX, Issue 32450, 10 November 1970, Page 23
Word Count
108Interest rates increased Press, Volume CX, Issue 32450, 10 November 1970, Page 23
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in