From the April 1989 issue of the Socialist Standard
Britain?
"Interest rates on both savings deposits and loans will be raised from February 1... According to a spokesman for the central bank, this is the second time in five months that such rates have been increased, and the move is part of the national effort to curb inflation and brake economic growth. The spokesman said the higher interest rates should attract more deposits and reduce the threat of a spending spree "
No, China
(See Beijing Review, 1989. no. 6)
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