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单词 interest-rate policy
释义 interest-rate policy

The policy by which governments or central banks influence interest rates. Higher rates of interest will reduce the demand for money, giving a downward impetus to output, employment and prices. Lower interest rates will have the opposite effect. Responsibility for interest-rate policy was restored to the Bank of England by the UK government in 1997.

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更新时间:2025/2/2 12:16:35