Five chart to start your day

What can a history of UK interest rates tell us?

Here's 330 years of UK interest rates. Why? Comparing 5.25% to history is just interesting. Why just look back a mere 50 years when you can go back to 1694, which was the year the Bank of England was founded?

The great thing is we can do this because the data is excellent. The quality and level of research produced by the Bank of England are some of the best in the world.

Obviously, the UK economy has changed in shape and size dramatically, along with its monetary system. Every point during this time period was beset with different challenges, from the Overend Gurney financial crisis (1866), the start of World War I (1914), the Oil Crisis of the 1970s-80s, the Financial Crisis (2008), and Covid-19 (2020).

Is 5.25% the terminal rate? Probably. But it seems about average to me when you look at history. What do you think?

Source: Eeagli

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