Interest rates would be higher given existing market conditions if central banks were not actively intervening in financial markets. An important effect of these artificially low interest rates, and large-scale asset purchases, are that national governments have been able to borrow at remarkably low interest rates.
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Paul Mueller – Central Banks and Inflation
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Interest rates would be higher given existing market conditions if central banks were not actively intervening in financial markets. An important effect of these artificially low interest rates, and large-scale asset purchases, are that national governments have been able to borrow at remarkably low interest rates.