This is not my area, but I do wonder about the long term trends on interest rates, because not all that long ago, it seems like serious people were discussing t

This is not my area, but I do wonder about the long term trends on interest rates, because not all that long ago, it seems like serious people were discussing the idea of "ultra-low" rates being not just the new normal, but the continuation of a very long downward trend. The phrase "historically low" does evoke the idea that there's a "normal" range from which we can deviate but will generally return to. https://www.bankofengland.co.uk/-/media/boe/files/working-paper/2020/eight-centuries-of-global-real-interest-rates-r-g-and-the-suprasecular-decline-1311-2018 https://www.bankofengland.co.uk/-/media/boe/files/working-pa...