Investors Forum |
A community of New Zealand investors |
08-24-2007
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#1 (permalink) |
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Senior Member
Join Date: Dec 2006
Posts: 35,550
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Bollard steps in as banks feel pinch
The Reserve Bank has stepped in to relieve a liquidity crunch that threatened to send the cost of business borrowing through the roof.The unusual move followed a sharp rise in short-term interest rates in the bank bill market...
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