How Abnormal Are Rates?
The Guardian of U.K. has Bank of England’s base interest rates data from the year 1694, which gives us some interesting things to ponder over. At present the base rate is 0.50%. This is how the interest rates have varied over 318 yeas – from 1694 to 2012. Interest rate less than 1.00% = four years or 1% of…
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