‘Govt managing rates'
PA fi •. j ( Wellington ( The Government was openly managing interest, rates!! and the exchange' fate through the activities of the Reserve Bank, said the (Leader of the Opposi-' tionj; Mr Bolger, yesterday! ! i II:| "The Reserve Bank’s decision to tighten monetary (targets was designed to -reverse .the fall in interfest rates and the exchange rate,” he said.' - The bank moved on Tuesday to reduce !| the daily cash balance banks> carry from $4O million to $3O bullion. ' |! (( i Tle bank has rejected suggestions that it had moved to tighteri liquidity; to. j revent a slide! in the dollar;
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19880324.2.70
Bibliographic details
Press, 24 March 1988, Page 8
Word Count
100‘Govt managing rates' Press, 24 March 1988, Page 8
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.