Key issues

Low interest rates: for how long?

Would a digital boost to productivity put an end to low interest rates?

The low interest rate environment in which the major advanced economies currently find themselves reflects deep economic transformations. 1 As we have recently seen, 2 the bulk of the studies point out that demography is the most important of these forces and, most likely, the ageing of the population will continue to constrain interest rates over the coming decades. In the face of this restriction, the future of productivity is one of the keys to driving up interest rates . Let us take a look at how and with what...