BANK RATE
LONDON, Friday. The bank rate has been reduced. to 5 per cent. The reduetion is hailed with widespj'ead satisfaction, and is considered, in conjunction with the repayment oi French and American credits, as an indication of a welcome improvement in the international financial position.; The Bank of England rate of dis-; count was 6 per cent., to which it wqs increased on September 21 from 4| per cent.
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Bibliographic details
Rotorua Morning Post, Volume 1, Issue 153, 20 February 1932, Page 5
Word Count
70BANK RATE Rotorua Morning Post, Volume 1, Issue 153, 20 February 1932, Page 5
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