It would make sense to split consumers into two groups, though they may well overlap, of course: borrowers and savers. Let’s begin with the borrowers. The house builders among you won’t be the only ones who know that credit terms are exceptionally favourable at the moment. That, too, is an outcome of the lowinterest-rate setting.
See also:   Financial System Reform Initiatives Mark Real Progress, Says Mark Carney, Governor of the Bank of Canada (Press Releases)  Assessment for Canada,” August 2010, and M. Carney, “Bundesbank Lecture 2010: The Economic Consequences of the Reforms,” speech to Deutsche Bundesbank, Berlin, 14 September 2010. 6  BIS central bankers’ speeches