One reason for raising interest rates was the prospect of a


One reason for raising 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: One reason for raising interest rates was the prospect of a
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