What domestic institution is usually responsible for determining interest rates in developed countries?

Name: What domestic institution is usually responsible for determining interest rates in developed countries?
Brand: Quizplus
Rating: 4.9 (47 reviews)

Question

Quizplus · Accepted Answer

Central banks are typically responsible for setting interest rates in developed countries. The central bank has the authority to adjust interest rates to achieve the country's economic goals, such as maintaining employment levels, controlling inflation, and promoting economic growth.

What Domestic Institution Is Usually Responsible for Determining Interest Rates