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The move, or lack thereof, came on the back of 10 months of threats to hike the cost of borrowing.
In Europe the slump was primarily the fault of the old Gold Standard, that ludicrous monetary system (which some libertarian wingnuts want to resurrect) that compelled governments to hike the cost of borrowing in order to prevent gold outflows at the worst possible time for their domestic economies.
Similar(56)
He voted to raise rates to 0.75%, judging that an immediate hike would also allow a more gradual rise in the cost of borrowing over time.
It is increasing the likelihood of a hike in interest rates from Reserve Bank of Australia over the next quarter, which has kept the cost of borrowing on hold since last November.
Take the cost of borrowing dollars.
The third big change is the cost of borrowing.
A lower credit rating pushes up the cost of borrowing.
Is an increase in the cost of borrowing imminent?
The cost of borrowing for municipal governments has fallen significantly.
Gilt futures soared overnight, pushing up the cost of borrowing.
The cost of borrowing costs has soared for other heavily indebted euro-zone countries, particularly Spain and Portugal.
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