If a central bank decides to lower interest rates, what is the most likely underlying effect on the economy in the short run?

When a central bank lowers interest rates, it makes borrowing money cheaper for individuals and businesses. This encourages people to take out loans to buy homes, cars, or start new projects, leading to increased spending in the economy. For example, if a small business can borrow money at a lower rate, it might invest in new equipment or hire more workers, which creates jobs and boosts economic activity. As more people spend money, businesses see higher sales, which can lead to greater economic growth in the short run. Overall, lower interest rates can help stimulate the economy by encouraging more borrowing and spending.