THE MONEY MARKET
INCREASE IN INTEREST RATES.
(By Telegraph—Press Association.)
WELLINGTON, Last Night
The rates of interest for fixed deposits have been raised by the Banks doing hiieinoss in New Zealand as from Ist June. T.liey are now als follow:: QrJ fixed deposit for six months <2 par cent. • twelve months, 3$ percent; 4 tiwe,n:ty-<f our months, 4 per cenit. "There lijir been an all-round' increase df -J 'per cent, in the rates for fixed deposits. . For geme weeks past they have beeii' raised by A per cent. >by it'be Baraks in, Australia, and New Zealand is n>aw( only: on the same level. The advance of rateis will have a hardening tendency on the money .market.
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https://paperspast.natlib.govt.nz/newspapers/WAG19120605.2.17.13
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Wairarapa Age, Volume XXXII, Issue 10650, 5 June 1912, Page 5
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116THE MONEY MARKET Wairarapa Age, Volume XXXII, Issue 10650, 5 June 1912, Page 5
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