Interest rates are one of the most important numbers in an economy because they influence the borrowing. If interest rates are high, it becomes expensive to borrow money. People borrow money for different reasons, for example; to buy a house or start a new business. This creates a ripple effect in an economy and brings an economic growth.
At the end of the course, you would be able to understand:-
- What is an Interest Rate?
- Different Types of Interest Rates
- Benchmarking of Interest Rates
- Application of Interest Rates in a Real World