The effect of low interest rates was twofold. Deprived retirees of a decent return and forced them to invest in property to try to make a liveable income from their savings. Others choose the Stockmarket with varying results. The low interest rates for borrowers just allowed them to borrow more and force up prices everywhere. As mortgage repayments increase, inflation rips into their buying power for food and other commodities and the fuel price looks to remain high while Ukraine war continues. What could possibly go wrong?
