Global Macro Service > Research Briefings > Europe

Rising wealth depresses interest rates in the UK & EZ

Bank of England MPC member Gertjan Vlieghe recently highlighted how the UK’s growing wealth will continue to put a damper on gilt interest rates. Our analysis shows that the private net wealth-to-GDP ratio in the eurozone, while lower, will follow a similar trajectory until 2050. Thus, the downward pressure on interest rates will be similar in the UK and the eurozone.

To read the full briefing please
If you are not a subscriber, request a free trial of our Global Macro Service by filling out the form below