MONEY MARKET.
The Bank of England discount rate, which had stood at 5 per cent, sdnce sth April, 191?, on which date it was reduced from 6J per cent., was raised to 6 per cent, on 6th November, 1919, to 1 per cent, on 15th April, 1920, and to 6J per cent, on 28th April, 1921. ' OPEN MARKET RATE. The open market, rate for three months' bills is nominally 5? per cent, as compared with 6} to 6J per cent, 'last week, and 6J per cent, last year. Short loans are quoted at 5 per cent., as against 5J per cent, last week, and 5} per cent, last year. v ■■ '
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https://paperspast.natlib.govt.nz/newspapers/EP19210430.2.90.3
Bibliographic details
Evening Post, Volume CI, Issue 102, 30 April 1921, Page 6
Word Count
110MONEY MARKET. Evening Post, Volume CI, Issue 102, 30 April 1921, Page 6
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