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The interest rate refers to the rate at which the central bank lends money to commercial banks or the rate it pays on reserves held by commercial banks. This interest rate is a critical monetary policy tool used to influence economic activity, inflation, and overall financial stability.
By Rampver Financials5
11 ratings
The interest rate refers to the rate at which the central bank lends money to commercial banks or the rate it pays on reserves held by commercial banks. This interest rate is a critical monetary policy tool used to influence economic activity, inflation, and overall financial stability.

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