Homeowners can thank British voters and global central banks for lower rates, but so far lenders haven’t fully passed on falling rates to borrowers. Advertisements
Interest rates are ultralow across the globe. Here’s what that may be telling us about the economic future.
A unanimous vote in June to keep rates steady was a result of confusion, rather than consensus.
Those forces have self-reinforcing, vicious-cycle dimensions that make it a perilous time for the world’s economies.