The near-zero interest rates that characterized the decade after the global financil crisis were a sign of economic dysfunction. Higher rates reflect a stronger demand for capital and robust economic growth.
Related stories
Range Rover launches first fully electric model
Tim Cook to be paid $47mn as Apple’s executive chair
Will self-flying planes transform the skies?
Soft launches and late sittings - six ways to get cheaper meals out
Europe’s bond markets are suffering a post-holiday shock
Dow drops below a key chart level, warning of more trouble ahead