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For some more details, just refer to:
  • WASHINGTON - European central banks cut their interest rates dramatically Thursday, but most of them are still higher than the Federal Reserve's 1 percent target rate. Which raises a question: If the financial meltdown is global in nature, why do interest rates vary so widely around the world?
    savannahnow.com
  • Interest rates are rising and more home buyers are turning to the government for a loan, according to two reports released Wednesday.
    www.nctimes.com


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