BRITISH FINANCES
BANK RATE RAISED HIGHEST SINCE 1921 (Elec. Tel. Copyright—United Press Assn.) (Australian and N.Z. Press Association.) (Received September 27, 10 a.m.) LONDON, Sept. 26. The hank rate has been raised to 6J, per cent. The advance brings the rate to the highest level since April, 1921. it did not cause any serious decline on the Stock Exchange, as most brokers anticipated it. There was, however, a slight weakening in gilt-edgeds, and some industrials, though rubber shares remained steady, despite the raw commodity declining jd. EFFECT ELSEWHERE SCANDINAVIAN RATES RAISED (Australian Press Assn. —United Service.) (Received September 27, 10 a.m.) LONDON, Sept. 26. Scandinavian bank rates have been raised, following the London announcement, Danish and Swedish to 5| per cent., and Norwegian .to 6 per cent.
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Bibliographic details
Poverty Bay Herald, Volume LV, Issue 17067, 27 September 1929, Page 7
Word Count
127BRITISH FINANCES Poverty Bay Herald, Volume LV, Issue 17067, 27 September 1929, Page 7
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