U.S. interest rates have Europe in a dither
Ronald Reagan will hear plenty of complaints about sky-high U.S.
interest rates during his two days of economic summitry next week in
Ottawa, where the heads of the world's seven leading non-Communist
industrial powers will gather to confer on economic policy. Instead of
declining, as Administration officials have been predicting, interest
rates have continued to wobble uncertainly around 20%. Last week the
cost of money again ratcheted upward slightly, pushing the benchmark
prime interest rate that big commercial banks...
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