Yields on 10 year sovereign bonds are also at historic lows in France and Spain, most European two-year rates are now negative, and the policy rate at the Bank of England is at its lowest level since the Bank was established in 1694. 10-year sovereign bond yields  Source: Reuters.
•  1  Third, consumer price inflation is very low and below the monetary policy target bands in several advanced economies. Consumer price inflation has been falling steadily in many advanced economies over the past four years due to the high levels of excess capacity, the global oversupply of capital goods and manufactured products, and falling prices of information technology.