What affects the rate of interest 2024?
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Studied at the University of Queensland, Lives in Brisbane, Australia.
Demand/supply of money- When economic growth is high, demand for money increases, pushing the interest rates up and vice versa. Government borrowing and fiscal deficit- Since the government is the biggest borrower in the debt market, the level of borrowing also determines the interest rates.
2023-05-16 11:15:03
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Emily Adams
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Demand/supply of money- When economic growth is high, demand for money increases, pushing the interest rates up and vice versa. Government borrowing and fiscal deficit- Since the government is the biggest borrower in the debt market, the level of borrowing also determines the interest rates.