I sometimes see "reduce to" and sometimes "reduce by" in different contexts and I couldn't make out what they actually mean. For instance, The interest rate was reduced to 2%. The interest rate was reduced by 2%.
Could you please explain it to me?
Top answer
reduced to 2% (the interest rate is now 2%) reduced by 2% (the interest rate is 2% lower than it used to be)
— Ivanhr
reduced to 2% (the interest rate is now 2%) reduced by 2% (the interest rate is 2% lower than it used to be)
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