Market Interest Rate

The market interest rate is the cost of borrowing money or the return on investment for savings, determined by the supply and demand for credit in the economy. When demand for loans is high, rates tend to rise, as lenders can charge more. Conversely, when borrowing is low, rates may fall to attract more borrowers. These rates can affect various financial products, such as mortgages, loans, and savings accounts, influencing how consumers and businesses manage their finances and make investment decisions. Essentially, it reflects the overall economic environment and influences financial activities.