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"But right now, with lower interest rates, they're getting less investment income.
Markets are already starting to reward reformers, especially Spain, with lower interest rates.
German leaders genuinely believed that financial markets would reward fiscal rectitude with lower interest rates.
When interest rates rise, older bonds with lower interest rates are worth less.
Combined, the moves are expected to leave businesses and consumers with lower interest payments and more money to spend.
Annuity incomes have been falling with lower interest rates, and pensioners have resented being locked into lousy value.
The company said that a price increase last April, coupled with lower interest rates, helped offset flat sales.
So reducing rates now will soon leave businesses and consumers with lower interest payments and more money to spend.
It stokes competitiveness and, along with lower interest rates, it lays the foundations for a return to growth.
Mr. Prakken said tighter spending would "slow economic growth unless it was offset with lower interest rates through the Fed".
As long as Britain retains its own currency, the Bank of England can respond with lower interest rates.
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CEO of Professional Science Editing for Scientists @ prosciediting.com