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The phrase "increase interest rates" is correct and usable in written English to refer to the act of raising interest rates.
For example, "The Federal Reserve announced that they would increase interest rates to 10% in order to help manage inflation."
Exact(60)
Greenspan explained why the Fed had felt compelled to increase interest rates.
The weakness in household spending reduced the likelihood the Bank of Japan will increase interest rates.
That eases the pressure on the Bank to increase interest rates.
He added that the best way to increase interest rates was to increase growth.
But it will not remain benign if we do not increase interest rates prudently as the expansion progresses," he said.
The increase was more than had been expected and reinforced speculation that the Bank of England might increase interest rates.
Traditionally, the Fed has been reluctant to increase interest rates in the middle of a presidential campaign.
That would probably prompt a surge of inflation, causing the Fed to increase interest rates, choking growth.
"Even if inflation tips over the 2percentthereere is no sign that they'd increase interest rates.
Archer said the no vote would also lead to expectations that the Bank would increase interest rates early next year.
Economists at several Western investment banks issued research notes on Wednesday calling for China to increase interest rates further.
More suggestions(15)
raising interest rates
raised interest rates
increase contribution rates
increase recovery rates
increase cure rates
increase corrosion rates
increase recycling rates
increase conversion rates
increase immunization rates
increase survival rates
increase vaccination rates
increase success rates
increase decay rates
increase tax rates
increase crime rates
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com