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October 28, 2008 · 4:05AM

Iceland Raises Key Interest Rate 6% In Surprise Move

Iceland’s central bank unexpectedly raised its key benchmark interest rate to 18% on Tuesday, a sign it has abandoned inflation targeting, after securing a $2.1 billion loan from the International Monetary Fund. (Bloomberg)

Categories: Business & Finance Today · Europe Today · Financial Services · Markets, Economic News · World Affairs

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