How do interest rates affect inflation 2024?

Zoe Davis | 2023-05-07 11:14:45 | page views:1385
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Charlotte Young

Studied at the University of Johannesburg, Lives in Johannesburg, South Africa.
In general, as interest rates are lowered, more people are able to borrow more money. The result is that consumers have more money to spend, causing the economy to grow and inflation to increase. The opposite holds true for rising interest rates. ... With less spending, the economy slows and inflation decreases.
2023-05-09 11:14:45

Zoe Wright

QuesHub.com delivers expert answers and knowledge to you.
In general, as interest rates are lowered, more people are able to borrow more money. The result is that consumers have more money to spend, causing the economy to grow and inflation to increase. The opposite holds true for rising interest rates. ... With less spending, the economy slows and inflation decreases.
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