A Matter of Interest
Tuesday, September 9, 2008
THE season for an interest rate war is upon us again. If this trend continues for long, economic growth could slow down. With interest rates above 11 percent—almost twice as high as three years ago—people with money are certain to prefer keeping it in the bank to investing it in the risky world of business. The threat to growth is more serious because it is not only the small banks that are jostling for funds, they are also one of the major p
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