A country's central bank increased the rate of interest from $1\%$ to $4\%$ per year. How would this alteration have influenced the amount saved and the cost of borrowing for individuals?
Economics 0455 · IGCSE · Monetary policy
A country's central bank increased the rate of interest from $1\%$ to $4\%$ per year. How would this alteration have influenced the amount saved and the cost of borrowing for individuals?