Low interest rates may never return to where they were, says Martin Lewis

Speaking on LBC's Tonight with Andrew Marr, Mr Lewis said interest rates have typically been higher over the last two centuries compared with the last 15 years, which may have been the anomaly.

"I think this happens because [younger people]...have only ever known interest rates of around half a per cent. Since 2007, we have had interest rates that have limboed very substantially below the 200-year historic interest rates. "They may never go back to where they were - equally, they may go back to where they were, we just don't know.

The slowdown will be down to high energy costs and prices but inflation will slow down and companies are likely to hold off on making staff redundant.While savers are set to benefit from higher rates, homeowners with mortgages and customers with loans will be hit.

Excellent

They will. They will need too.

Good! Why is it that supposed “ experts “ clearly believe that low interest rates are ok? All it’s done is help people “ overstretch “, and NOT help or encourage people to SAVE! We are now ridiculously indebted as a country, and THAT’S why people go to food banks!

During COVID, essential to stimulate the economy, with low interest rates, we have a cost of living crisis, created by this Govt, which Makes millions of lives untenable, surely controlling inflation, reducing energy tariffs Fuel duty, would half inflation

Hooray! ~ Fogie's meagre pension savings they've saved all their lives like they were told to do 'back-in-the-day' for their retirement can at last gain a-bitta interest to spend on a lollipop or two ~ aye?

It was an experiment which predictably lead to massive borrowing and where we are right now with very high repayments, tax going up while living standards are going down.

Do we want interest rates to return to post GFC rates? Had the cost of money remained what it was beforehand then property prices would be nowhere near current levels. It's a case who to help, those trying to get on the property ladder or those already on the joy ride.

Watch out for major global economic shock coming out of India, soon

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