Interest rates double since March 2020
No, the headline is not wrong... Interest rates matter. At the personal finance end of the spectrum, they determine what you earn from bank deposits (virtually nothing at present) and what interest you pay on your mortgage (about 4.4% if you are paying the average standard variable rate (SVR), but much less for most other loans). In the investment and commercial world, interest rates determine what business borrowers pay and are often the basis for valuing assets, from shares