THE PRICE OF MONEY.
LOWERING OF THE BANK OF ENGLAND DISCOUNT RATE. [PBESS ASSOCIATION.] (Received May 27, 9.20 a.m.) London, 26th May. The Bauk of England rate of discount is quoted at 3£ per cent. From May to September of last year the Bank's discount rate stood at 2 per cent. On the 23rd September it was raised to 2£ per cent., and on the 14th October to 3 per cent., at which it stood till the beginning of April, when it advanced to 4 per cent., from which rate it has now been reduced.
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Bibliographic details
Evening Post, Volume LV, Issue 124, 27 May 1898, Page 5
Word Count
95THE PRICE OF MONEY. Evening Post, Volume LV, Issue 124, 27 May 1898, Page 5
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