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Think about the alternative: if we raised rates now, it would be bad for the economy and it would unleash deflation, unemployment and recession.

The interest on savings comes from growth, so it is in the interests of savers that inflation stabilises and growth becomes more robust.

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Der Austausch werde kulinarisch mit einer "orientalischen Köstlichkeit" und Tee begleitet.BILD: In order to achieve that, you have cut interest rates to zero.German savings are melting away like butter in the sun. Draghi: We are well aware of the situation for savers.Any other uses of this image, on Wikipedia or elsewhere, may be copyright infringement. Note: If the image depicts a person or persons on the cover, it is not acceptable to use the image in the article of the person or persons depicted on the cover, unless used to directly illustrate a point about the publication of the image.Use of the image merely to depict a person or persons in the image will be removed.

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