Tag: Interest Rates

Interest rates play a crucial role in the economy. They determine the cost of borrowing money, which influences both consumer spending and investment decisions. Lower interest rates encourage borrowing, stimulating economic growth and encouraging businesses to expand. Higher interest rates can help control inflation by reducing spending and curbing the demand for loans.  Central banks often use interest rates as a tool to manage the economy, adjusting them to maintain stability and support economic objectives like price stability, employment, and growth. We're diving into the fascinating world of interest rates, exploring what's on the horizon. Stick around as Michelle sheds light on the twists and turns in this financial rollercoaster. https://www.youtube.com/watch?v=d6Rzoo-H...