But after the Banks collapsed in early October, the currency slumped and domestic interest rates rose sharply (see chart 2).

但自从10月份的银行崩溃以来，货币贬值，国内利率暴涨(参照表2)。

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The Fed cut interest rates by a smaller-than-expected quarter of a percentage point on June 25th, and Treasury yields rose sharply.

ECONOMIST: Buttonwood