Interest
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Interest is the cost of the use of money over time.
The interest rate is the percentage fee received or paid by individuals or organizations when they lend or borrow money. For example, if you borrow $10,000 for your business, then you have to pay interest (say 5%) for using that money.
There are many different interest rates, but the benchmark interest rate—or overnight target rate—is set by the Central Bank of a nation typically. A change or expected change in this rate will lead to changes in other interest rates.