How do you use scenario analysis to prepare for interest rate changes?
Interest rates can have a significant impact on your financial decisions, whether you are a borrower, a lender, or an investor. But how can you anticipate how interest rates might change in the future and how they will affect your goals and strategies? One useful tool is scenario analysis, which involves creating and comparing different possible outcomes based on different assumptions and factors. In this article, you will learn how to use scenario analysis to prepare for interest rate changes and make better informed choices.