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Loan Rates Still Under Other Nations
New York AP reports US interest rates remain high but still below those in most leading industrial nations. Prime rates start around 5.14 percent in the United States, with variations by region. France and Japan slightly under 5 percent, Switzerland 5.4 to 6 percent, and Canada about 6 percent. Europe and others range from 6 to 7 percent, while Latin American rates run from 10 percent in Ecuador to 24 percent in Brazil, driven by capital shortages and currency depreciation.
MENTIONED IN THIS ARTICLE
United States
France
Japan
Switzerland
Canada
Netherlands
West Germany
Britain
Belgium
Sweden
Latin
America
Ecuador
Brazil