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Bank loan interest rate economy factor

How specifically economy affects interest rates?

Comments

  • piquanteyepiquanteye Member ✭✭✭✭
    You should read the book of MacroEconomics.

    But then if you need some unsensible answer here it goes. The interest rate is greatly affected by the recession and depression over the interest of the persons perception. Joke.! Ewan

    Now if you are depressed you have high suicidal tendencies which raises the interest on Plans. Specifically st peter plans.
    K. Bye.
    How specifically economy affects interest rates?
  • A lot of factors affect rates of interest. The person above is right. A book is enough to describe it but not a comment section. In super short, the better economy the lower rates. If a crisis happens economics falls, rates get higher. That's why if you consider taking Long Term Loans it's better to do it when everything is OK and no reason for soon fall.

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