Short-term rates ease
PA Wellington The call interest rate was higher against Thursday’s levels, and shortterm rates eased a touch on the money market yesterday, but the trend this week has been for interest rates to ease.
Call was at 21.9 per cent yesterday, down from 26.5 per cent on Monday, and 90-day commercial bills fell from 22.3 per cent to 22.25 per cent. In yesterday’s trading, call fluctuated in a narrow range around 22.00
per cent in moderate morning trading from 20.25 per cent at the same time on Thursday, while 90-day bank bills eased to 22.25 per cent from 22.45 per cent on Thursday. The Reserve Bank withdrew $25 million in an open market operation.
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Press, 10 January 1987, Page 25
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117Short-term rates ease Press, 10 January 1987, Page 25
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