Inflation bonds adjusted
PA Wellington The Government moved yesterday to “enhance” ■ its inflation-adjusted savings bonds, with the consumers price index down to 3.6 per cent for the December year. One change was a guarantee of a minimum annual return of 5 per cent during low inflation periods, said the Acting Minister of Finance, Mr Falloon. Individuals could also now hold a limitless number of the bonds. Previously the limit for an individual was $20,000. Each investment is for a minimum of $lOO, and multiples of $5O thereafter.
Mr Falloon said a minimum inflation adjustment of 1.25 per cent in every quarter would apply from the quarter ending March 31 this year.
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Press, 29 February 1984, Page 3
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111Inflation bonds adjusted Press, 29 February 1984, Page 3
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