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Open Library American Libraries. Search the Wayback Machine Search icon An illustration of a magnifying glass. Sign up for free Log in. Interest rates are at levels once charged only by loan sharks. Credit cmrds cost 18 percent to use. Big coiporattons have to pay banks ckse to 18 percent for sbort-term loans with small businesses forced to' With monelAiy growth still above the Ped's Largels for the year and large Christmas tnventones to be flnimced by business, analysis don't see the pressures easing quickly.
Even banks had to esroand their detrt to buy ahead of pay over 20 percenl Interest at one pouit Friday lor money borrowed overnight from other banks. There are strong indications those rates will move even higher during the Yuletlde season and may even surpass the records set during last Easter's holiday season.
