58 views
Why raise interest rates
by (26.7k points)

1 Answer

0 votes
Interest rates are raised because Higher interest rates make borrowing money costlier and motivate individuals to save money. That often means that consumers are going to spend less money. Prices of products and services rise more slowly when overall consumer spending is lower. A decrease in the rate of inflation results from slower price increases.
by (22.7k points)

No related questions found

Free Online Question and Answer Website

Are you curious? Get answers to your questions online. Share and spread your know-how through the best question and answer English Website. Join the free question-answer site today. Ask thought-provoking questions and get the answers from the experts. Select and choose topics of your choice. Create or join your own community.

Ask your question with your name or go anonymous. Become street smarter and join hands with likeable people.
Ask us any question and get instant help. You can learn and know anything about this platform.

The best answers will get a vote-up. Don't wait and sign up now? Explore a wide range of different questions and answers. Active users and regular readers will get benefited and also help us grow.

For any little concern, we are here. Get a quick fix answer for all your questions. We are happy to share. Asklent is a platform for helping each other.