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Low interest rates are intended to promote economic growth. Low interest rates are thought to encourage consumers, corporations, and governments to borrow and spend more freely. Consumer demand will increase, and businesses will invest more as a result, boosting GDP growth and adding jobs. Lowering interest rates helps increase money supply in the economy which crates more demand and thus increases the supply flow in a a economy.What is interest rates?The fraction of a loan that the borrower is responsible for paying as interest; this percentage is often represented as a yearly percentage of the loan balance.Therefore, lowering interest rates are used in expansionary policiesTo learn more about interest rates clickhttps://brainly.com/question/28249940#SPJ1
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