this post was submitted on 01 Nov 2023
359 points (97.4% liked)
Memes
49318 readers
1118 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 6 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
No they don't. If you borrow at a variable rate, the rate will track with the reference rate (that the government changes, not the banks) both up and down.