The Impact of Interest Rates on the Economy

There's a direct relationship between like the interest rate that Bank of England or Federal Reserve or like the, the bank or whether it's going in France. So if you've got a loan, it goes up by probably a similar amount or a mortgage. Some mortgages are directly tied to that to the base rate, right? But generally speaking, you know, you increase the costs of borrowing for banks themselves and they'll pass it on to, to consumers. And then, and then that sort of knock on effect is hopefully the people go, oh, I was going to borrow 10 grand to buy myself. Yeah.