Analysts warned that unless the state of China address the USD1.6 trillion debt incurred by its municipalities via local government financing vehicles, interest rates would skyrocket.
interest rates
Breaking News
Vitol SA obtains favorable LIbOR for its one year and three year credit lines.
The Fed Reserve's turnaround on tapering had opened better loan prospects for banks in India.
The higher interest rates imposed on small businesses hurt the Spanish recovery program.
The increase in interest rates and decrease in stock price took off the glow in consumer sentiment.
ECB's executive board member said that the bank's interest rates would remain the same as long as inflation stays moderate.
The chairman of the Chinese Banking Regulatory Commission allays fears of liquidity issues saying that the system has sufficient funds to cover all settlements.
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