What rate cut? Interbank lending rates keep rising (The Post-Standard)
Story date: 2008-10-10 09:33:17
Added on: 2008-10-10 10:00:17
NEW YORK (AP) — Governments around the world have slashed interest rates and ramped up their lending to unprecendented levels, but banks are still charging each other extremely high borrowing rates — a bad sign for the credit markets that remain close to paralysis.
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