yThis paper
discusses indepth the state of the
economy in context of the rise and then consistent drop in interest rates
over the last 5 years. It
discusses what the
impact is such rate cuts is on all aspects of the economy and also highlights the various kinds of interest rates. Table of Contents Introduction Overview of Interest Rates and their Significance as a Macroeconomic Tool Types of Interest Rates Impact of Change in Interest Rates on the Current Economy Conclusion References