Interest Rate Quotes - Page 5

• The insurance companies do not refer to the key policy rate when they send their statements. We can only control that rate. Long-term interest rates are determined largely by global financial markets.

  Mario Draghi

  Keys, Long, Determined

  "Draghi Defends Euro Rescue Policies". Spiegel Interview, www.spiegel.de. January 02, 2014.

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• The central banks cannot control interest rates. That's a mistake. They can control a particular rate, such as the Federal Funds rate, if they want to, but they can't control interest rates.

  Milton Friedman

  Mistake, Want, Interest

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• What central banks can control is a base and one way they can control the base is via manipulating a particular interest rate, such as a Federal Funds rate, the overnight rate at which banks lend to one another. But they use that control to control what happens to the quantity of money. There is no disagreement.

  Milton Friedman

  Way, Use, Interest

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• Italy may well be the main problem. It has benefited most from the euro by having been able to get the euro interest rate instead of what otherwise would have been its own. That would be much higher because Italy has been accumulating so much debt. In the past, Italy has inflated away its debt. The virtue of the euro is that Italy can't do it alone. A tight ECB policy wouldn't permit that to happen again.

  Milton Friedman

  Past, Would Be, Debt

  Source: www.huffingtonpost.com

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• I want to build a studio in my backyard. The interest rates are low now, so who knows

  Paul Taylor

  Backyards, Want, Lows

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• Central banks have gotten out of the central banking business and into the central planning business, meaning that they are devoted to raising up-if they can-economic growth and employment through the dubious means of suppressing interest rates and printing money. The nice thing about gold is that you can't print it.

  James Grant

  Money, Nice, Mean

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• I think the millions of people who had been able to renegotiate their mortgages so they are paying lower interest rates are better off.

  David Axelrod

  Thinking, People, Able

  "Guest: Obama Advisor David Axelrod". "Fox News Sunday" with Chris Wallace, www.realclearpolitics.com. September 2, 2012.

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• The bankers might not have said it in so many words, but gradually their strategy emerged: Target families who were already in a little trouble, lend them more money, get them entangled in high fees and astronomical interest rates, and then block the doors to the bankruptcy exit if they really got in over their heads.

  Elizabeth Warren

  Block, Doors, Bankers

  Elizabeth Warren (2014). “A Fighting Chance”, p.44, Metropolitan Books

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• The Fed should make a clear commitment to stable money to reduce the swings in interest rates and inflation. Instead, it champions and flaunts unstable money. This encourages momentum trading and the growth of derivatives. Meanwhile, layers of financial regulation make Washington bigger and more powerful but dont fix the underlying problems.

  David Malpass

  Powerful, Commitment, Swings

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• Despite a lingering low inventory and increasing prices, consumers still have the confidence to purchase a home. More and more people recognize the many opportunities in this market and the significant value of low interest rates. As job creation and wages continue to improve, many more first-time buyers are now making the decision to become homeowners.

  Dave Liniger

  Jobs, Home, Opportunity

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• Britain was set to repeat the boom-bust cycle that led to 15 per cent. interest rates for one whole year in the early 1990s.

  Gordon Brown

  Years, Britain, Interest

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• Our approach is to reject the old vicious circle of the '80s-rising debt, higher long-term interest rates, higher debt repayment costs, lower growth, higher unemployment, then enforced cuts in public spending. That was the old boom and bust.

  Gordon Brown

  Cutting, Circles, Long

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• If we want to contrast what we have done in the past few years on delivery with what the right hon. and learned Gentleman delivered, let us remember the interest rates at 10 per cent. to 15 per cent., the 1.5 million fewer people in work, the boom and the bust and the borrowing at 8 per cent.

  Tony Blair

  Past, Years, People

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• Sound economic fundamentals coupled with a number of positive factors have partially offset the psychological impact of rising interest rates in Hong Kong.

  Li Ka-shing

  Impact, Numbers, Sound

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• Thus a long term corporate bond could actually be sold to three separate persons. One would supply the money for the bond; one would bear the interest rate risk, and one would bear the risk of default. The last two would not have to put up any capital for the bond, though they might have to post some sort of collateral.

  Fischer Black

  Two, Long, Risk

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• I think the concern over rising interest rates is ahead of itself because I think inflationary fears themselves might be premature.

  Sung Won Sohn

  Thinking, Rising, Might

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• The fact that the bond market is rallying today is a plus. If this ends up being a bear market, it will be one of the first ever that began when interest rates are down.

  John Manley

  Today, Firsts, Facts

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• I don't think it's possible for the Fed to end its easy-money policies in a trouble-free manner. Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets, so there is no reason to suspect that the actual process of boosting rates would be any different. I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.

  Alan Greenspan

  Real, Thinking, Different

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• Greece will not manage to get back on its feet without restructuring its debt. There is no way around it. The country's creditors will have to reduce a portion of its debts by extending maturity dates, lowering interest rates or giving them what's called a 'haircut' in financial jargon.

  Peer Steinbruck

  Country, Maturity, Feet

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• The petroDollar system breaking down, where oil is no longer paid for in Dollars internationally, essentially would be the death knell to the US Dollar as the reserve currency. It means the US can't borrow with 'exorbitant privilege' anymore, and it means the US Treasury market is set for an out-of-control interest rate spiral.

  Addison Wiggin

  Mean, Oil, Dollars

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• Believe me: The day [Barack] Obama goes off, and he leaves, and goes out to the golf course for the rest of his life to play golf, when they raise interest rates, you're going to see some very bad things happen, because the Fed is not doing their job. The Fed is being more political than Secretary [Hillary] Clinton.

  Donald Trump

  Jobs, Believe, Golf

  Source: time.com

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• If you are, consolidating at a lower interest rate can help you pay off your debt faster. But if there's even a small chance that you'll spiral back into debt, it's not for you.

  Jean Chatzky

  Debt, Pay, Helping

  Source: www.nbcnews.com

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• A consolidation makes sense only if you can lower your overall interest rate. Many people consolidate by taking out a home equity line loan or home equity line of credit (HELOC), refinancing a mortgage, or taking out a personal loan. They then use this cheaper debt to pay off more expensive debt, most frequently credit card loans, but also auto loans, private student loans, or other debt.

  Jean Chatzky

  Home, People, Cards

  Source: www.nbcnews.com

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• You fall a bit behind on a credit card bill, your interest rate soars, your minimum payment rises, and you start falling more and more behind every month. You don't see an end. But you don't want to file bankruptcy either. What you can do - and should do - is negotiate.

  Jean Chatzky

  Fall, Cards, Credit

  Source: www.nbcnews.com

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• The interest rate you receive, however, is contingent on your credit score.

  Jean Chatzky

  Credit, Score, Interest

  Source: www.nbcnews.com

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