This is a frequent misguided criticism. The job of central banks isn't to ensure that savings accounts have a high rate of return. They're not robbing virtuous savers.
It is the nominal rate of return which we are talking about too, which means that the rate reflects the low rate of inflation. An increase as a result of inflation would amount to no long-term gain for savers.
Real returns result from real investments, not fluctuations in the money supply.
It is the nominal rate of return which we are talking about too, which means that the rate reflects the low rate of inflation. An increase as a result of inflation would amount to no long-term gain for savers.
Real returns result from real investments, not fluctuations in the money supply.