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Short term interest rates refer to the interest rates on financial instruments that mature within one year or less. These rates are typically set by central banks, and are used to control the money supply and stabilize the economy. Short term interest rates have a direct impact on the cost of borrowing, making them an important factor for businesses and individuals looking to borrow money. Examples of financial instruments that are affected by short term interest rates include Treasury bills, commercial paper, and certificates of deposit.
The effects of interest rates are often not directly felt but play out over a long time as valuations of real-estate and other assets adjust.
At Horizon65, we created a mobile app that enabled you to check the effect of high interest rates on your savings and to simulate potential investments that can defend against it.