The resulting lower profits make it harder to raise the rates that savers earn.
Normally savers earn interest when they deposit their money in banks.
Lenders will price risks more accurately, with the most deserving firms finding funds and savers earning decent returns.
Chinese savers earn meagre interest rates at home and are deprived of the chance to invest abroad.
Savers earn more interest than they can find on the high street by lending to others wanting to borrow.
Japanese savers, earning next-to-nothing in yen, have poured into investments based on higher-yielding currencies, such as New Zealand's.
The plight of hard-working savers earning as little as 0.1% interest on money in banks and building societies was dragged centre-stage on Monday as the Conservative party unveiled proposals to abandon tax on savings for lower earners and raise allowances for pensioners.
Savers earn interest rates of between 6 to 10 percent, depending on the type and duration of investment, Piggybank.ng's Somto Ifezue explained in this TechCrunch exclusive.
Except that there are three huge losers: savers earning 0%, small businesses not hooked into zero-rate loans and future taxpayers saddled with the debt when interest rates zoom.
Savers earn interest rates of between 6 to 10percentt, depending on the type and duration of investment, Piggybank.ng's Somto Ifezue told TechCrunch in Lagos with co-founders Odunayo Eweniyi and Joshua Chibueze.
To StreetTalk, the most peculiar contrast in the markets is the way stocks rise while savers earn nothing and the dollar continues to get bombed.
