Three factors are keeping interest rates low, but they won’t last, says Ken Rogoff

The record low in major currency interest rates and bond yields is 'extraordinary' - but not stable, says Harvard economist Kenneth Rogoff.

The record low in major currency interest rates and bond yields is "extraordinary", says Harvard economist Kenneth Rogoff.

Writing for Project Syndicate, he notes that: "ten-year interest rates in the United States, the United Kingdom, and Germany have all been hovering around the once unthinkable 1.5% mark. In Japan, the ten-year rate has drifted to below 0.8%.

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James McKeigue

James graduated from Keele University with a BA (Hons) in English literature and history, and has a certificate in journalism from the NCTJ. James has worked as a freelance journalist in various Latin American countries.He also had a spell at ITV, as welll as wring for Television Business International and covering the European equity markets for the Forbes.com London bureau. James has travelled extensively in emerging markets, reporting for international energy magazines such as Oil and Gas Investor, and institutional publications such as the Commonwealth Business Environment Report. He is currently the managing editor of LatAm INVESTOR, the UK's only Latin American finance magazine.