Interest will tell the tale in 1998

Jul 23, 1998

TALLINN (BNS) – The conduct of the Estonian stock market in the second half of the year will be determined by the rise in interest rates and slower lending, which may put the real economy in a difficult situation.Hoiupank analyst Martti Singi said interest rates were the most important indicator of the market. "If money offer declines and demand jumps up, there will be a reason for interest rates to rise further," Singi said.High interest rates on the loan market may lead to problems in the eco ...

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