0 interest and other charges that have to be paid when you borrow money:
raise/increase/drive up the cost of borrowing In November last year, the central bank raised the cost of borrowing to 3.75%.
cut/reduce/lower the cost of borrowing The Fed may have to cut the cost of borrowing to stimulate economic growth.
an increase/a rise in the cost of borrowing A further increase in the cost of borrowing might trigger a market crash.
For those who can secure mortgages, the cost of borrowing is now lower than it has been for several years.
