Interest rates

Interest rates represent the cost of borrowing money or the return on savings and investments. They can be fixed or variable and play a crucial role in the economy. When interest rates rise, borrowing becomes more expensive, impacting consumer spending and investment decisions. Conversely, lower interest rates can stimulate economic growth by making loans cheaper. Various factors influence interest rates, including inflation, monetary policy, and economic conditions. Understanding interest rates is essential for making informed financial decisions, whether you’re taking out a loan, investing in savings accounts, or purchasing bonds. Stay informed to navigate the financial landscape effectively