The fluctuation of interest rates ________.

Question

Quizplus · Accepted Answer

Fluctuation of interest rates impacts all Canadians as it affects borrowing costs, savings rates, and overall economic growth. The central bank may play a role in setting rates, but external factors such as inflation, economic growth, and global events can also impact interest rates. Stock prices may influence interest rates to some extent, but it is not the primary driver of fluctuations in interest rates. Finally, there is no one interest rate as different types of loans and savings products may have different rates.

The Fluctuation of Interest Rates ________