Respuesta :
5.24%
Define interest rates
The price of borrowing money is its interest rate. For example, a bank may charge 5% interest annually on a 30-year mortgage. Interest rates are typically represented as a percentage of the entire amount borrowed.
Interest rates also display the profit made from bank deposits or investments like government bonds.
The Central Bank charges commercial banks an interest rate on loans at the base rate.
The fact that all other interest rates in the economy tend to be influenced by this base rate makes it the most significant interest rate in the economy.
if the Central Bank raises its basic interest rate. The cost of borrowing from the Central Bank is higher for commercial banks. As a result, they pass this along to their customers.
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