bank of england historical rates In the aftermath of the financial crisis, Threadneedle Street slashed borrowing costs to 300-year lows – knocking five percentage points off interest rates in the space of just a year. Many experts believed that borrowing costs would be permanently lower. This conviction is still widespread. Economists – including at the Bank of England and the International Monetary Fund – still argue that after this bout of high inflation, rates will eventually return to post-financial crisis lows. But as the battle to cool the economy drags on, voices of dissent are growing louder. Megan Greene, an...