Although Fisher's interest rate theory believes that the determination of interest rate level is a function of market forces, governments and central bank in all countries implement strict regulation towards interest rates. For example, due to the coronavirus outbreak, the Federal Reserve cuts interest rates to zero on March 15 and launched a massive $700 billion quantitative easing program to shelter the economy from the effect of the virus. The Canadian and Norwegian central banks have also announced emergent interest rate cuts.

What the reaction of your country? (country: Thailand)

Whether do you think the government should regulate interest rates?

What are the advantages and disadvantages of governmentregulation of interest rates?