cost of borrowing
noun[S]
ukusECONOMICS,FINANCE
interestand otherchargesthat have to bepaidwhen youborrowmoney:
raise/increase/drive up the cost of borrowingInNovemberlastyear, thecentralbankraisedthecostofborrowingto 3.75%.
cut/reduce/lower the cost of borrowingTheFedmay have tocutthecostofborrowingtostimulateeconomicgrowth.
an increase/a rise in the cost of borrowingAfurtherincreasein thecostofborrowingmighttriggeramarketcrash.
For those who cansecuremortgages, thecostofborrowingis nowlowerthan it has been for severalyears.