lower

/ˈləʊər/ verb [T]

Definition

› to reduce the level, price, etc. of something: lower costs/rates/prices There was growing pressure on banks to lower interest rates and ease the availability of credit. Landmark legislation requires California to lower greenhouse gas emissions by 25% by 2020. He accused universities of lowering standards in order to raise income. → Compare raise verb

(Definition of lower verb from the Cambridge Business English Dictionary © Cambridge University Press)