Expert says “Bank of England base rate unlikely to raise over 2%”

Scotland

Sir John Cunliffe stated that the Bank of England base could be below 2% for the next 30 years.

Bank of England: Base rate could stay under 2% for 30 years

Could this be true? With the amount of debit people are accumulating it makes since to keep rates low in order to avoid a financial collapse but what happens when the debit becomes to overwhelming?

Something to ponder

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