$120M injection
PA Wellington The Reserve Bank injected $l2O million, into the money market yesterday by way of sellback deals, for interest rates ranging from 26.03 per cent to 26.9 per cent.
A maximum of $4O million maturing on March 24 and $lOO million maturing on March 30 were offered by the bank, which also offered to buy any Treasury bills maturing in
May 1987. The bank sold $4O million March 24 paper for interest rates from 26.75 per cent to 26.9 per cent, and another $BO million in March 30 paper for rates of 26.03 per cent to 26.58 per cent. No May Treasury bills were purchased. And no Treasury bills would be offered for sale in the weekly bill tender scheduled for today the bank said.
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Press, 17 March 1987, Page 41
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128$120M injection Press, 17 March 1987, Page 41
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