Interest rates could stay low permanently, says Bank of England deputy governor

Interest rates could stay low permanently, says Bank of England deputy governor - Telegraph

Interest rates could now be permanently lower, a prominent member of the Bank of England's committee of interest rate setters has warned... This underlying rate of interest has declined globally, "driven remorselessly downwards" for a "variety of reasons". These changes are not manufactured by central banks, but brought about by "real economic changes - they have consequences for, but do not originate in, monetary policy".'' -- So central banker swears the "permanently lower rates" are not the responsibility of central banks... hmm....