Not one but many. At least 5-6.
Na, itâs other way around. Spending increases if interest rates are brought down. Companies expand bussinesses and more opportunities , higher packages. Stock market roars again.
If interest rates are brought down, Pretty sure adani stocks are going to roar back or donât know if thatâs a bubble & going to burst and is going to create a credit crisis. Very hard to say!
and companies over-leverage & over spend. When eventually, the interest rates are raised again,
Not sure why you feel this way, but increased liquidity does push interest rate down.
The unaccounted money wonât be deposited anyways. The accounted money which would have been deposited even otherwise, is coming in form of 2000s. Unaccounted 2000s are getting changed with accounted 500s. Then these are deposited. So it may look like after rbi announced withdrawal of 2000s people are depositing. And soon the figures will be out saying 50 percent of the notes in circulation are deposited in banks.
Having said that interest rates have peaked. I will be surprised if we donât see a rate cut soon.
technically you are right 
interest rates has to be slashed once this notes-coming-back excercise is completed.
otherwise the banks will bleed, imagine the volume of money.