5% has been the average interest rate for the last 200 years!
A few facts about bank interest rates ‘Like most people of my generation who have lived through the period of hyper interest rates, of as high as 17% and inflation averaging in the teens in the 1970s, I am baffled by how long and how low-interest rates and inflation in the UK have lasted in recent years.'(*1) I find the current media doom-fest of the return to an historically average interest rate just nauseating. The current panic stories all over
