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One reason for rising interest rates was the prospect of a refinancing issue; a $12 billion issue matures April 1 , and the government is expected to seek some new money ,in excess of its refinancing needs.

*why doesn't the government get the central bank to wait until after the refinancing before increasing interest rates ,so as to minimize its interest costs ?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91065845

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