BANK RATE REDUCED
‘ NOW THREE PER CENT. ' HALVED IN NINE WEEKS. i . LONDON, April 21. The bank rate has been reduced to 3 per cent. A STIMULATING EFFECT. (British Official Wireless.) RUGBY, April 21. The reduction of the bank rate today from 3i per cent, to 3 per cent,, thus halving it in nine weeks, was welcomed in the city, and had a stimulating effect. British funds, after a firm opening, were again marked up after the announcement, leaving off with a general rise of one-sixteenth to three-eighths.
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Bibliographic details
Otago Daily Times, Issue 21627, 23 April 1932, Page 11
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88BANK RATE REDUCED Otago Daily Times, Issue 21627, 23 April 1932, Page 11
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