Speevr logo
Report

The natural rate of interest through a hall of mirrors

Table of Contents

by Phurichai Rungcharoenkitkul and Fabian Winkler
Why have global real interest rates fallen so much? A common explanation is that factors such as shifting demographics and falling potential growth depress the natural interest rate, or r-star.

Subscribe to receive updates from Bank of International Settlements

Most recent by Bank of International Settlements

report

Share this page

The natural rate of interest through a hall of mirrors

by Phurichai Rungcharoenkitkul and Fabian WinklerWhy have global real interest rates fallen so much? A common explanation is that factors such as shifting demographics