Raising interest rates 1 means that banks adjust the interest rates of loans and deposits by a certain proportion every time. In this case, the loan interest and deposit interest will increase accordingly 1%. This adjustment is determined by the economic situation, market supply and demand, central bank policies and other factors, in order to meet the stable operation of the banking industry and the market.

Raising interest rates has a great impact on ordinary consumers. Due to the rising interest rate of loans, borrowers have to face higher repayment pressure, which may bring greater burden to some nervous families. At the same time, the increase of deposit interest rate also means that the cost for banks to attract funds will increase, which may also lead banks to be more cautious in approving loans, making it more difficult for some small and medium-sized enterprises to raise funds.

In addition to the impact on ordinary people, rising interest rates may also lead to more volatility in financial markets. When the cost of loans increases, some investors may prefer low-risk products such as bank wealth management to high-risk stock funds. This may lead to an increase in the supply of stocks and funds in the market, leading to a decline in market prices. Therefore, when economists and policy makers consider interest rate changes, they must study relevant policy, economic, financial and social factors to avoid adverse effects on the market and economy.