This is the typical viewpoint of the borrower. However, there is also a creditor side to the story, even though it plays a far smaller role in the debate. Perhaps this is because many people's assets are mainly placed collectively in pension schemes, so that the relationship between interest-rate level and yield is less apparent to the individual.
2/4  BIS central bankers' speeches  However, we need to remain vigilant – while fiscal support is crucial at this stage, it should be targeted and focused on the measures that are most conducive to economic growth.