WORLD BANKS LIKELY TO MEET CUT IN RATE; Wall Street Expects Bank of France to Drop to 2%, With England Slightly Higher. BILL RATE ALSO REDUCED Still Easier Credit May Result if Open-Market Quotation Stays Higher Than Reserve's. Bill Rates Compared. WORLD BANK RATES LIKELY TO BE CUT No Change in Portfolio.
Wall St expects other Fed Reserve Banks and several foreign central banks to meet rate