Sharp rates fall
PA Wellington On call wholesale interest rates fell sharply to 21.75 per cent on the money market yesterday, compared with about 24.75 per cent on Tuesday.
Dealers said the move down was expected to be short-term.
An easing in liquidity was expected this week, but liquidity will tighten again at the end of the month and during the March tax-flow period.
Desies said: sttanfrtami security rate esaadl slightly h® very quiet tsiatfiing. Asd tie Rsserve Bonk lent the mmw market $l5 milltoa ait Z 4.577 percent by way of stitoadk on March 2. Bids - totalled $45 million.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19870219.2.128.8
Bibliographic details
Press, 19 February 1987, Page 24
Word Count
100Sharp rates fall Press, 19 February 1987, Page 24
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.