GR_Special Report

TOWER: International Fixed Interest: A 2009 Recovery Story?

Monday 16th of February 2009

Despite the fact that official interest rates have dropped to levels lower than were seen during the “tech wreck” period of 2000 to 2002, financial institutions – especially banks – are scrambling to rebuild their depleted capital bases and not keen to expand credit the way central banks have been urging them to do. Because the private sector is not leading the charge to reverse contraction in...

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