In addition, borrowing costs for businesses and households have more than halved since the peak of the global financial crisis. This has translated to lower mortgage rates and car loan rates, directly putting more money into the pockets of ordinary people. Many banks have reduced their deposit rates too, making whatever meager interest savings accounts were earning even lower.
Furthermore, while a low Libor rate is not by any means a great sign, it does mean that investors have the opportunity to invest in areas that have been previously neglected. For instance, areas such as property, commodities, and foreign stocks have become more attractive because of lower costs of borrowing. This drives confidence in other areas of the economy and helps expand
Article Created by A.I.