bank rate has been reduced to........
Answers
Answered by
0
Answer:
The lower the interest rate, the more willing people are to borrow money to make big purchases, such as houses or cars. When consumers pay less in interest, this gives them more money to spend, which can create a ripple effect of increased spending throughout the economy.
Similar questions
Math,
2 months ago
Math,
2 months ago
Computer Science,
4 months ago
Math,
4 months ago
Geography,
8 months ago