View Full Version : Explain Interest Rates to a novice
Hey, I just joined this forum in hopes of learning about the market and how money moves. I often see analysts on CNBC and Bloomberg talk about interest rates lowering. Is this for mortgage loans or is this the interest I would receive in a bank.
I believe I need a clarification as to what they mean, so would you mind explaining like I'm 5. I understand that interest rates being lowered can stimulate the economy and the reverse effect if raised.
Also where would I be able to find the historical rates of the interest rates. I appreciate all the help in advance, thank you!!!
I would receive in a bank.
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