BOE's Kristin Forbes says higher rates will be an opportunity for savers
- Low productivity is a risk for developed countries
- The argument that the crisis is to blame for weak productivity is fading
- Normalisation of interest rates represents an opportunity for savers, and better allocation for capital
That's if anyone has any savings left ;-)
- Says most traditional channels of contagion from Greece are manageable
- Financial institutions are in a much better placed to handle Greek contagion than previously
More comments on how a Greek exit wouldn't be as big a deal as back in 2012