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The advent in the 1970s of money-market funds, combined with dramatically higher interest rates, led to massive outflows of deposits and, eventually, legislation abolishing the ceilings.Regulators had more success controlling demand for credit.
Similar(59)
Inflation remains a serious threat across most of Asia, but if global demand drops dramatically it would crimp growth and reduce the need for higher interest rates or other tightening measures.
Their workload is bound to increase dramatically as loans taken out in 2006 are reset (to much higher interest rates) in the early months of 2008.
Higher interest rates are expected.
That could result in higher interest rates.
For them, higher interest rates are toxic.
Nor have higher interest rates helped.
You will also pay higher interest rates.
Higher interest rates can threaten corporate profits.
Higher interest rates have hurt many stocks.
And that response is higher interest rates.
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CEO of Professional Science Editing for Scientists @ prosciediting.com