Transatlantic Money Squabble

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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