FAQ About Interest
What are the pros and cons of low interest rate and high interest rate?
A high interest rate strengthens the currency and adds value to the currency. The appetite for saving increases. Debt repayments rise. It is possible to earn more interest income. Investing becomes harder.
A low interest rate depreciates the currency. The appetite to spend increases. Debt repayments go down. Income from interest decreases. Ideal for investing.
