Five years of emergency measures – welcome to the new normal

If it was a marriage, it would be the wooden anniversary, for which the traditional gift for your significant other is something made of silver.

Next Wednesday, if anyone reading this happens to be strolling past the Bank of England, perhaps they could drop off a small gift. Why? Because that will be the day the Bank celebrates five years of 0.5% interest rates.

The trouble is, ‘celebrate’ is not really the right word. In fact, while rates at 300-year lows have obviously been a huge help to some people, there is very little evidence that they have created [...]

MoneyWeek magazine

Latest issue:

Magazine cover
The future of motoring

Profit as cars get connected

The UK's best-selling financial magazine. Take a FREE trial today.
Claim 4 FREE Issues
Shale gas 'fracking' promises to transform Britain's energy market. Find out what it is, what it means, and how to invest.

More from MoneyWeek

What you should really do with your money (2014 Edition)

How to buy and sell penny shares

A beginner's guide to investing in gold

How to invest in British fracking