Lowering interest rates by a central bank can help strengthen the economy by making borrowing cheaper and encouraging spending and investment.
Lowering interest rates by a central bank can help strengthen the economy since it makes loans and credit cards cheaper, encouraging spending and investment. This leads to increased economic activity, job creation, and overall growth in GDP. On the other hand, higher interest rates can have the opposite effect, potentially leading to a weaker economy as borrowing becomes more expensive.
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