The Bank of England,IMF and other policymakers see ongoing low rates as dangerous but can’t see how to change things. There is a way, of course …For some time now savers absorb campaigned for a return to normal interest rates, and by which they mean central bank rates more like 4%-5%. And it’s not just approximately earning more on their savings. This protest against the current 0.25% base rate also has a broader,altruistic bent. At least that is what they honestly believe.They argue that higher interest rates will restore a lost balance in the economy – taking it back to the way it was before the financial crisis, when things were so much better.
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Source: theguardian.com