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- Nickname
- tzviuri
- Self introduction
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The level of the interest rate has a direct impact on business investment and consumer consumption. [b] The most important interest rate is the policy rate. [/ b] The European Central Bank (ECB) periodically reassesses the critical rate and adjusts it if necessary. The base rate directly impacts the interest rate that consumers and businesses pay on borrowed money. The lower the policy interest rate, the lower the interest rates on borrowed capital, increasing the willingness to borrow money for investment and private consumption.
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- Full name
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tzviuri
- Gender
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male
- Age
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27