Westpac drops rate
Westpac Banking Corporation yesterday dropped its indicator lending rate 0.25 of a percentage point to 15.75 per cent. The lower rate, which took immediate effect, brings Westpac into line with the base rates of other large banks. A Westpac spokesman said the indicator rate had been 16 per cent for about three months and the reduction reflected a slight lowering in the bank's cost of funds lately.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19890601.2.157.24
Bibliographic details
Press, 1 June 1989, Page 47
Word Count
70Westpac drops rate Press, 1 June 1989, Page 47
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.