Morale is high [low, falling].

士气高[消沉，低落]。

youdao

Low and falling short-term rates have been a bonanza for banks for another reason, too.

ECONOMIST: Buttonwood

Gold generally appreciates relative to a currency that has relatively low or falling interest rates.

FORBES: Gold Hits A New High But Is The Rainbow's End Nigh?

Low or falling nominal interest rates and inflation were crucial to reducing the debt-to-GDP ratio.

ECONOMIST: Public debt