Monday, June 29, 2015

Interest rates are the lowest they've been .... in 5000 years

The below chart is from a prepared speech that the Bank of England's Andy Haldane will be giving tomorrow at the Open University in Milton Keynes. It highlights how the ultra low interest rates we are experiencing at the moment are extremely unusual in the historical context. Also, Haldane thinks we may be in a world of low rates for some time to come.

(hat-tip to Alphaville)

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