Thank you for correcting the text in this article. Your corrections improve Papers Past searches for everyone. See the latest corrections.

This article contains searchable text which was automatically generated and may contain errors. Join the community and correct any errors you spot to help us improve Papers Past.

Article image
Article image
Article image
Article image

Prediction on interest

NZPA-Reuter Detroit The leading American economic pundit, Dr Henry Kaufman, predicted a “dramatic rise in interest rates” in the United States later this year. The chief economist of Salomon Brothers told a news conference: “We should anticipate a prime interest rate of between 13 and 13.5 per cent by the end of 1984.” His remarks came after a rise in the United States prime rate, the interest rate which United States banks charge their most creditworthy customers, from 11 per cent to 12 per cent in the last three weeks and after the Federal Reserve Board last week raised its bank rate to commercial banks from 9.5 per cent to 10 per cent. Dr Kaufman also predicted that the United States economy would keep expanding in the next 12 months, but said renewed inflationary pressures would be felt in the second half of this year

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/CHP19840411.2.141.16

Bibliographic details

Press, 11 April 1984, Page 34

Word Count
148

Prediction on interest Press, 11 April 1984, Page 34

Prediction on interest Press, 11 April 1984, Page 34

Help

Log in or create a Papers Past website account

Use your Papers Past website account to correct newspaper text.

By creating and using this account you agree to our terms of use.

Log in with RealMe®

If you’ve used a RealMe login somewhere else, you can use it here too. If you don’t already have a username and password, just click Log in and you can choose to create one.


Log in again to continue your work

Your session has expired.

Log in again with RealMe®


Alert