Argentine president forces leading banks to lend
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Argentine president forces leading banks to lend

Buenos Aires : Argentina | Jul 05, 2012 at 7:19 AM PDT
Source: Arizona Republic
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Facing clear signs of a looming recession, Argentina's president is ordering banks to lend $3.3 billion of their clients' savings at rates below what many believe to be the level of inflation. The requirements taking effect Thursday limit interest on the loans to 15 percent a year. FULL ARTICLE AT Arizona Republic
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The Bank of Canada maintained its key lending rate at 1.0 percent
The Bank of Canada maintained its key lending rate at 1.0 percent
 
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