Homebuilders are benefiting from them when taking out a loan. Firms are enjoying favourable financing conditions, which is ultimately a good thing for employees, too. The government is paying less interest on its debt, which is bringing relief for taxpayers. Members of the general public are not just savers, they have other economic motives as well.
BIS central bankers’ speeches  3  Besides, it simply isn’t the task of the central bank to ensure a given minimum return on riskfree financial investments.