Home / Economy / Interest Rates

Interest Rates

An interest rate is the cost of borrowing money, or conversely, the income earned from lending money. Interest rates are expressed as percentage of the principal per period.
“Reduced interest rates encourage people to spend money on home improvements”

INTEREST RATES
DATE
(%)
26-Jan-15
8.5
24-Mar-15
8.0
25-May-15
6.5
14-Sep-15
6
23-May-16 till date
5.75

Check Also

Consumer Price Index

It is one of the best known lagging indicators. The consumer price index expresses the …

Leave a Reply