The Saeima proposal to cut mortgage interest rates by 50% is truly bad economics

Basically, agree. However, problem doesn’t lie into rates, but banks’ (rather their management upper strata) abdominally high greed. And again banks’ biz model – privatize profits and socialize losses. Third, the people of this country shows xtremely low ‘social capital’. No coop fin institutions as a consequence with lower rates for credits and higher rates for savings…