How does a rate change
reach [my mortgage /
savings / loan]? Show
the chain of steps and
roughly how long each
one usually takes.

How Interest Rates Reach My Life

The path from a rate decision to your own bank balance.

Prompt

Explain how a central bank raising or lowering rates works its way down to [my mortgage / my savings / my business loan / prices in shops]. Show the chain of steps, and say roughly how long each step usually takes.