How low can official interest rates go? |
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Slowing economic growth and falling inflation is leading to record low interest rates… Interest rates are being cut aggressively around the world as economic growth slows and as price inflation either falls back from recent peaks or is set to fall sharply in the months ahead. A worsening of the credit crisis since the failure of Lehman Brothers two months ago, has noticeably hit expectations for growth and inflation. In many countries, prospects for price inflation are helped by the fact that
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