So there we have it. The UK bank rate back above 1% for the first time since 2009 as the MPC raise rates for a fifth consecutive time. 2009 sort of feels like it wasn’t very long ago but for context it was the year of Barack Obama being inaugurated as 44th President of the US, of swine flu, Michael Jackson’s death and the Icelandic banking system collapse. It was also the year I joined the mighty Redburn.
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