When do you want a high interest rate?

Never

Explanation:

It increases the cost of bank loans, demand falls and companies sell less, the economy shrinks, and if it goes too far it could turn into a reccesion(In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending. This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock, the bursting of an economic bubble, or a large-scale natural or anthropogenic disaster)

it was the new england colonies.

hope dis !

i dont know but i need points