News
Home loan rates up and rising
Wednesday 19th of March 2008
The problem is not that official rates overseas are going up – indeed the US Federal Reserve cut one of the key US rates by 0.75 percentage points days after the depth of the credit crisis was emphasised by the difficulties of banking giant Bear Stearns – but that the rates charged by banks in their everyday dealing with each other are not necessarily following suit. Central banks a...
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