3 ms·
you raise interest rates to slow economic activity, you lower them to speed it up. yes, if interest rates are raised, that means employment is too high, basical
by efficax 1y ago
you raise interest rates to slow economic activity, you lower them to speed it up. yes, if interest rates are raised, that means employment is too high, basically, and they want to lower it.
- eru 1y ago> yes, if interest rates are raised, that means employment is too high, basically, and they want to lower it. Not directly. The Bank of England targets inflation, not employment.