Interest at peak: P.M.
PA Wellington The Prime Minister, Mr Lange, said yesterday that he believed interest rates in the Government’s borrowing programme had peaked “although there might be wobbles around the top.” He said that his earlier predictions of when interest rates would begin to drop would now not be borne out. Last month Mr Lange said that there would be a real concern by the Government if high rates continued
for much longer. He was commenting then on rates of up to 26 per cent for short-term Treasury bills. Mr Lange said then that he held that rates should be dropping by about the end of September. He said yesterday that interest rates were not going to come down when he had thought they would. His comments had been based on assessments which had now been proved wrong.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19850920.2.49
Bibliographic details
Press, 20 September 1985, Page 4
Word Count
140Interest at peak: P.M. Press, 20 September 1985, Page 4
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.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in