Friday 22nd of November 2024

Comment/elaboration on RE Economy and interest rates (Dr Russell Darroch)

Excellent points Stephen!

However, you should also point out to older voters (in particular) that in general self funded retirees did FAR better with higher interest rates; just ask anyone who has been trying to live off of their interest income the last few years with 'lower' interest rates. [I've quoted the 'lower' as, has been pointed out elsewhere, our rates are NOT low currently compared to the US, Canada, and a number of other Western democracies.]

The simplistic high/low interest rate arguments are just that; simplistic.