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How do banks set their interest rates 2024?

Benjamin Wright | 2023-05-07 11:51:24 | page views：1801
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Ava Martinez

Studied at Harvard University, Lives in Cambridge, MA
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.
2023-05-12 11:51:24
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Harper Collins

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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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