LOWER BANK RATE
REDUCTION IN ENGLAND EVIDENCE OF CONFIDENCE (British Official Wireless.) Reed. noon. RUGBY, Oct. 27. The reduction of the bank rate yesterday from 3 to 2 per cent is described in The Times’ City column as at once an acknowledgment and a further contribution to the growth ot confidence which has taken place over the last few weeks.
The Daily Telegraph City editor says that the restoration of the pre-war regime of cheap money is remarkable ■ testimony to the effectiveness of the new technique of control and to the solid basis of the nation’s finances and British service.
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https://paperspast.natlib.govt.nz/newspapers/GISH19391028.2.40.3
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Gisborne Herald, Volume LXVI, Issue 20080, 28 October 1939, Page 5
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100LOWER BANK RATE Gisborne Herald, Volume LXVI, Issue 20080, 28 October 1939, Page 5
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