NEW YORK - Interest rates in 1994 should remain stable but will be up from their lows this year, said Frederick Taylor, vice chairman and chief investment officer of U.S. Trust Corp.

Interest rates are likely to move up 0.25 or 0.5 of a percentage point, both on short-term and long-term rates, Mr. Taylor told a press briefing.

Mr. Taylor said inflation should remain low to moderate for the rest of the decade. In that sense, real assets, such as real estate and gold, will not be outstanding performers, he said.

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