Explain how or why, during the recession of 2008鈥?9, banks of the world seemed to unite on cue to lower inter?

You've got it sort of backwards. What they did in unison is increase the supplies of money. Lower short term interest rates are a RESULT of that action.Explain how or why, during the recession of 2008鈥?9, banks of the world seemed to unite on cue to lower inter?During a recession, usually consumers don't spend alot of money. By lowering interest, the banks make it cheaper to borrow money. This will lead to more people borrowing money and hopefully also more spending, which then stimulates the economyExplain how or why, during the recession of 2008鈥?9, banks of the world seemed to unite on cue to lower inter?low interest rates encourage people to spend not to save, so they figured if people stopped saving and started spending it would help the economy get back on track