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Analyst Reports 30 Mar 2020 | 7:00 AM

Black Death makes us think about interest rates

All upheavals leave their marks. Some fade away, some linger. Following the Black Death, the plague that’s believed to have killed 60% of Europe’s population in the second half of the 14th century, the realisation that life is short, played a big role in shaping interest rates in late medieval Europe, stretching all the way to the Enlightenment.