How do raised interest rates affect businesses?

When interest rates rise... ...then businesses will find it more expensive to borrow and invest That generally means less economic activity It might mean fewer jobs are created Fewer jobs and lower wages could mean less money for households... ...and consumer confidence might suffer Which also means less spending People are grappling with a decline in real wages... ...meaning their money buys less When interest rates rise, that will tend to slow down spending, investment... ...and generally depress economic activity Overall that will make businesses more reluctant to raise their prices... ...and that will tend to pull back inflation It sounds straightforward, right?