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configuing bandwidth on Cisco interface

I would like to know in case I want an interface to be slower than it really is, whether configuring bandwidth with lower rate can be a solution.
for instance a Gigabits interface, configured with bandwidth 64000 bits
would this really slow down the interface data flow by making the pipe smaller?
Thanks
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Which Cisco router are you talking about, specifically?
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Ok...

for a 100MBps interface
speed 10
will make the interface transmits and receive data at the reate of 10MBps.

Bandwidth, is just to change the cost od the port.

Correct?
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Thank you