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The US rate is a whopping 2.98.
"If the US rate rises again we might start to see mortgage rates rise," he said.
The worry is still alive that a US rate rise could be a monumental mistake.
Today the rate is under 1/100,000 – less than one-tenth the US rate (pdf).
The US rate is officially 35 per cent, although most (including Pfizer) pay far less.
While Britain's fatality rate nearly doubled over the two periods, the US rate increased by only about a fifth.
So given that the US rate is 35%, that would suggest the foreign rate is less than 1%," she said.
As a comparison, the UK rate is about nine per 100,000, and the US rate around 11.
For the 30-year period 1948-1978 the UK rate was below the US rate, and then they crossed.
Leading shares have headed lower for the seventh trading day, as concerns about the mining sector continue and investors nervously await a likely US rate rise next week.
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The US rate-setters blamed a more fragile global outlook in remarks that further rattled jittery financial markets.
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Justyna Jupowicz-Kozak
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