David Carter (UK) wrote: From 2001 to 2008 Stanron the rate occasionally spiked above 5%, but was usually between 3 and 5. I think we can agree that 17% is too high. And I hope that we can agree that 1% is too low. Interest rates should be high enough to offer a real return on savings.

I agree with that. I also think that there is a link between interest rates and inflation. When one is high both are high. The people who gain from high interest rates are not the people who suffer most from inflation.