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Contractors Fear a Rate Hike: "Then Everything Will Blow up Again"
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"If these tall gentlemen in black suits are going to freeze the market and thus the production of residential housing, then we know how this will end," says Vignir S. Halldórsson, a developer who fears that the Central Bank's Monetary Policy Committee will raise interest rates tomorrow. "Then everything will blow up again and there will be a ten percent increase in housing prices."
·Reykjavík, Iceland
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