March 15, 2023
Role of Interest Rate in the World Economy
![Role of Interest Rate in the World Economy 1 Interest rate](https://economicbuddy.com/wp-content/uploads/2023/03/Interest-rate-150x150.jpg)
Interest rates are a fundamental tool of monetary policy and play a critical role in the global economy. The decisions made by central banks and other monetary authorities regarding interest rates can have far-reaching impacts on individual economies, financial markets, and even people’s everyday lives. From affecting the cost of borrowing and lending to influencing