Tuesday, March 27, 2012

Low interest rates' a double whammy for some.

Central banks in many large economies around the world are keeping interest rates really low, near zero in countries like the USA and Japan, in fact. Low interest rates are seen as the way to encourage economic growth by making borrowings cheaper.



To revive their sickly economies, the relevant countries' low interest rates could be instrumental. However, as money would go to where it is