What are the Impacts of Interest Rates on Finance?

[Suba]

Interest rates are percentages issued by central banks, and adopted by various financial institutions, in the context of finance, interest rates are expenses (interest) that must be paid by borrowers in a certain period of time, interest rates can be in the form of fixed rates or floating rates. So in your opinion, what is the impact of interest rates on personal finances and what is the impact on investment instruments?

 

[Augusta]

Interest rate reduces finances because it is an expense.So when we neddyo get a loan we need to look at the interest rate and be sure it isn't too much compared with the loan we are taking out

 

[Nomad]

When interest rates are high, prices of commodities also becomes high and there are fewer economic activities.

 

[King Belieal]

When interest rates are high, it reduces inflation because the amount of money that would be in circulation in the economy would reduce.