Rates Current as of Friday February 10, 2012

Inflation is one reason interest exists; creditors must be compensated for the decline in the purchasing power. So, rates generally are high when inflation is expected to be rapid. Inflation expectations are based heavily on recent inflation. So, rates generally are continuing to be high when inflation is runs above normal historical levels.

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How does inflation affect my bank accounts?

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How Does Inflation Affect the Level of Interest Rates?

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