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To the Sept. 16, 1992, they launched which they perform boost their interest rates in order to 12% out of ten%, and once more to 15%, to draw traders to find lbs and you may help their exchange rate. Nevertheless they invested huge amounts of weight off their forex reserves to find right back pounds out of investors such Soros. Those individuals price nature hikes came just as there is certainly a good contraction within the investment to possess startups. (suite…)