World Bank cuts rate
NZPA-Reuter Washington The World Bank said it was lowering its interest rate on loans to developing countries to 8.5 per cent from 8.82 for the six months ■ beaming January 1, 1986. (I
It was the seventh consecutive reduction since the bank adopted a policy on July 1, 1982, of semi-annu-ally resetting its lending rates. At that time the rate was 11.47 per cent.
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Press, 10 January 1986, Page 22
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67World Bank cuts rate Press, 10 January 1986, Page 22
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