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So let us work together for the worldwide reduction of interest rates and a scale of stimulus round the world equal to the depth of the recession and the dimensions of the recovery we must make.
"My understanding is that the Russian government is ready to make a contribution with an extension of the loan and a reduction of the interest rate, " said the EU's top economic official, Olli Rehn.
But if this trend in private bank money creation continues, it does augur for higher rates of monetary inflation, especially, as Chairman Bernanke suggested at Jackson Hole in August, if aided and embedded by a reduction in the rate of interest the Federal Reserve pays banks on those excess reserves.
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So I think he -- all he has to do is make the case, and he will continue to make that case, that a balanced approach to deficit reduction is in the interest of progressives, as well as every other American -- because we need to grow the economy and create jobs, and we need to get our fiscal house in order.
Ironically, the independent Bank of England is delivering a reduction in interest rates that would be suspect if delivered by an electioneering chancellor.
"We think there's a set of cases where it's clearly in the interest of the taxpayer for them to do principal reduction upfront, " said Treasury Secretary Timothy Geithner in congressional testimony earlier this year.
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What was announced was a maturity extension of the arrangements and a reduction in the interest rate charged.
The theory: It is an easier political lift to curb such popular breaks as the mortgage interest deduction through a broad reduction of all subsidies than to fight the powerful housing industry head-on.
Other positives included a solid reduction in headcount of 9, 000, improving net interest margins and better-than-expected improvements in credit quality.
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In the interest of improved aerodynamics and noise reduction, the front of the vehicle has been rounded and softened, ineffably feminized compared with the previous model's teeth-baring front end.
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The gist of the deal calls for Greece to cut its debt to 124% of GDP by 2020 and a reduction in the interest rate charged to Greece on the loans.
That raises the last risk in our borrow-to-invest strategy: Might Congress, in the name of tax reform or deficit reduction, further limit the home mortgage interest deduction?
The prime minister said it was vitally important the government maintained its "credibility for deficit reduction" so it could continue to borrow money at low rates of interest.
Investors were awaiting the start of a two-day meeting of the Federal Reserve that is widely expected to bring another reduction in interest rates.
The cash tender offer commenced on August 23, 2010 by Dell, through a wholly-owned subsidiary, is for all outstanding shares of 3PAR common stock, without interest, and subject to reduction for any federal back-up withholding or other taxes.
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It will be a choice obviously in the end that Republicans will have to make -- because the President has had very constructive conversations with Senate Republicans in particular who have expressed interest in and support for balance in deficit reduction as part of a bigger deal, entitlement reforms and tax reform that produces revenues for deficit reduction.
Notice the significant slowdown of import demand quarter over quarter in Brazil, where interest rates and other credit reduction measures have started to slow the economy.
In the Lords (from 2.30pm) questions cover the government's plans to commemorate the centenary of World War I, the need for a reduction in domestic food waste, and the interest rate rigging scandal in the City.
Non-market rates of interest set by the Fed are logically driving up demand for capital in concert with a reduction in supply.
Following two days of sell-offs in stock markets across the globe--and a week ahead of its Federal Open Market Committee meeting (when the rate cut was expected)-- the Fed slashed short-term interest rates by three-quarters of a percentage point, its single most dramatic rate reduction since 1984.
Higher levels of debt imply higher interest payments on that debt, which would eventually require either higher taxes or a reduction in government benefits and services.
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