BANK RATES LOWER
BRITISH, FRENCH AND BELGIAN. -
(United Press Assn.—By Telegraph—Copyright.) (Rec. 10.35 p.m.) London, May 2.
The Daily Mail says that the simultaneous lowering of the British, French and Belgian bank rates i>oints to co-operation between the world's central banking authorities, and indicates that arrangements have been made to avoid big gold movements. The Bank of France’s reduction to 2} per cent, is the lowest since 1898. British trade and industry are not expected to greatly benefit from the reduced rate, as the big banks are refusing to lend to their customers below a minimum of 5 per cent. Irrespective of changes in the bank rate.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/ST19300503.2.39
Bibliographic details
Southland Times, Issue 21073, 3 May 1930, Page 7
Word Count
107BANK RATES LOWER Southland Times, Issue 21073, 3 May 1930, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Southland Times. 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.