A FLAT DECADE

摘要

It has now been a whole decade since interest rates last rose in the UK. On 5 July 2007, the Bank of England's monetary policy committee voted to increase rates to 5.75%, just as the wheels were about to come off the global economy. The subsequent loosening of monetary policy has led to base rate slumping to 0.25% and £435bn of liquidity being injected into the economy via quantitative easing.