Tuesday, October 28, 2008

ICELAND UPS INTEREST RATE !

Reykjavik has already arranged a $2bn loan from the IMF.
Iceland's central bank has raised its key interest rate to 18% from 12% as the country battles against financial collapse.
The move came as Iceland's prime minister said the country needed another $4bn (£2.6bn) in loans.
"It's not a precise number, it's not a scientific number but we are looking in that neighborhood," Geir Haarde said.
The country has already agreed a $2bn loan from the International Monetary Fund (IMF).
BBC NEWS REPORT.

Labels:

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home