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How do banks decide on interest rates 2024?

Charlotte Harris | 2023-05-07 11:15:17 | page views：1440
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Cameron Hall

Works at the Red Cross, Lives in Geneva, Switzerland.
These factors all affect the demand for loans, which can help push rates higher or lower. When demand is low, such as during an economic recession, banks can increase deposit interest rates to encourage customers to lend, or lower loan rates to incentivize customers to borrow.
2023-05-15 11:15:17
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Isabella Lee

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These factors all affect the demand for loans, which can help push rates higher or lower. When demand is low, such as during an economic recession, banks can increase deposit interest rates to encourage customers to lend, or lower loan rates to incentivize customers to borrow.
How Banks Set Interest Rates on Your Loans | Investopedia
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