As a saver without a mortgage, I’m all for rising interest rates.
But overall, I can’t help but think that overall, maybe low interest rates are actually a good thing.
After all, how much are you ever really going to have sitting in a savings account? Long term money is going to be put into stocks, etc.
On the flipside, the biggest purchases you’ll ever make are likely to be materially affected by interest rates. Property. Cars. (yes, in a perfect world we’d all only ever pay for cars in cash, but we don’t live in a perfect world). If you borrow money to start a business. If you have a student loan (and leave New Zealand, incurring interest – or live in a country when student loans are never interest-free).
Just a stray thought.