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It can also lower short-term interest rates, a step that should help the economy by decreasing the cost of borrowing.
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Take the cost of borrowing dollars.
The third big change is the cost of borrowing.
The cost of borrowing costs has soared for other heavily indebted euro-zone countries, particularly Spain and Portugal.
That is beginning to widen the cost of borrowing for Puerto Rico relative to other states and municipalities, which are benefiting from a big decline in borrowing costs.
And getting more details of the bailout would probably reduce the cost of borrowing.
A lower credit rating pushes up the cost of borrowing.
Is an increase in the cost of borrowing imminent?
The cost of borrowing for municipal governments has fallen significantly.
Gilt futures soared overnight, pushing up the cost of borrowing.
Even his critics know that in today's world the cost of borrowing punishes the feckless.
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