5% has been the average interest rate for the last 200 years!
Rate this postA 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