CHEAPER MONEY.
BANK KATE DOWN AGAIN. THE LOWEST SINCE 1914NORMAL CONDITIONS RETURNING. By Telegraph.—Press Assn.— London, June 15. The bank rate has been reduced to 3Vz per cent. Received June 16. 5.15 p.m. London, June 15. Financial and. commercial circles welcome the reduction of the bank rate to the lowest since January, 1914, as an indication that conditions are moving towards normality. The reduction will stimulate the recovery of commerce. It is believed the Governors of the Bank of England were influenced in their decision by the improved outlook for labour and in Ireland. They are also desirous of making the Indian loan a succe c a, and cheap money is essential, as other extensive loan operations are, imminent. —■Aus.-N.Z. Cable Assn.
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Taranaki Daily News, 17 June 1922, Page 4
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122CHEAPER MONEY. Taranaki Daily News, 17 June 1922, Page 4
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