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Put simply, monetary union created a common interest rate at a time when inflation levels varied markedly.
The decline in the rate at a time of unchanging raw numbers was attributed to population growth.
And Chinese bankers said the government might not want to alter the exchange rate at a time when speculative pressure might overwhelm China's brittle financial defenses.
On balance, the sharp drop in the exchange rate will increase the annual inflation rate at a time when the cost of living has been gradually rising anyway.
The insensitivity of announcing the cut in the 50p rate at a time when the policy for the poor amounts to planned penury hardly needs elaboration.
Then, in September 2000, ING Direct, an online division of the Dutch banking giant ING Group, offered a 6.5percentt savings rate at a time when passbook accounts in the United States were averaging 1.66percentt, according to Bankrate.com.com
Similar(41)
The impact on Avis has been lower rental rates at a time when costs have continued to rise.
This leaves Floridians vulnerable to higher rates at a time when the new health plans will be introduced.
That is likely to translate into higher interest rates at a time when the recovery shows signs of slowing again.
Japan also has been pushing for closer cooperation in determining Asian exchange rates at a time when China is stuck with an unconvertible, dollar-linked currency.
As with Japan the goal would be to raise expected inflation and lower real short-term interest rates at a time when nominal rates are stuck near zero.
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