THE BANK RATE
RAISED TO SIX AND A HALF PEIT CENT. 'United Press Association —By Electric Telegraph—Copyright). (Received this day at 9.25 a.m.) - • - LONDON, Sept. 26. • The bank rate has been raised to six and a half per cent. LONDON, Sept. 26. The advance of the bank rate to six and a half per cent is the highest since April, 1921. It did not cause any serious decline on the Stock Exchange as most of the brokers anticipated it. There was, however, a slight weakening in gilt edged, and some industrials, though rubber shares remained steady, despite raw commodity declining a farthing. LONDON, Sept. 26. Scandinavian bank rates have been raised following the London announcemen. Danish and Swedish to five and a half per cent, and Norwegian to six per cent.
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Hokitika Guardian, 27 September 1929, Page 6
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131THE BANK RATE Hokitika Guardian, 27 September 1929, Page 6
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