Global financial-services accord endorsed; U.S. refuses to sign WTO pact
Article Abstract:
Forty-three nations signed an agreement that would expand access to their financial markets, and 50 countries agreed to continue the status quo. The pact will take effect Aug 1, 1996. The US, responding to pressure from the financial services industry, refused to sign the pact.
Publisher: Facts on File, Inc.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1995
Laws, regulations and rules, Financial services industry, Financial services, International trade, European Union, World Trade Organization, International trade regulation
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1995
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German central bank cuts two key interest rates
Article Abstract:
The Bundesbank lowered the discount lending rate from 4% to 3.5% and the Lombard rate from 6% to 5.5% on Aug 24, 1995, reaching the lowest point since Jan 1989. The rate cuts were an effort to stimulate the economy and stabilize the German mark.
Publisher: Facts on File, Inc.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1995
Germany, Prices and rates, Foreign exchange, Foreign exchange rates, Interest rates, Deutsche Bundesbank, Mark (Germany)
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Subjects list: Economic policy
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