Short term rates ease
PA Wellington Short term money rates eased yesterday and the Reserve Bank was prompted to withdraw $55 million from the money supply. Call money eased to around 17.48 per cent against up to 20 per cent on Friday, but 90-day commercial bills at 18.72 per cent were steady against Friday’s 18.75 per cent. February 1992 indicator
stock was also trading steady at 16.92 per cent, unchanged from Friday. The Reserve Bank withdrew $55 million from the money supply by selling Treasury bills. Bills worth $25 million maturing on August 5 were sold at 17.97 per cent, bills worth $5 million maturing on August 6 at 17 per cent, and bills worth $25 million maturing March 10, 1988, at 18.24 per cent.
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Press, 4 August 1987, Page 41
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125Short term rates ease Press, 4 August 1987, Page 41
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