Property News · March 2, 2016

Seven years of low interest rates have 'cost savers up to £160bn'


Loose monetary policy has ‘annihilated’ returns on cash, but mortgage borrowers and investors have benefitedSeven years of quantitative easing and record low interest rates have cost savers an estimated £160bn, but supported strong increases in the prices of property, stocks and bonds. Analysis by financial firm Hargreaves Lansdown suggests that up to £106bn is being held in accounts that pay no interest, as loose monetary policy has “annihilated” returns on cash. Continue reading…

Source : theguardian.com
Read more…Seven years of low interest rates have ‘cost savers up to £160bn’

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