Cash injection
The Reserve Bank injected SISM into the money supply yesterday by means of sellback transactions. The bank offered sellbacks maturing on, May 30, bids received totalled S2IM, and SISM worth were accepted at a rate of 21.78 per cent. The call interest rate dropped more than 3 per cent yesterday morning to 20.78 per cent, and 90-day bank bills dropped from 23.00 per cent to 21.95 per cent
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Press, 15 May 1987, Page 11
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70Cash injection Press, 15 May 1987, Page 11
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