The average interest rate on fixed-rate bonds has also increased. According to data firm Moneyfacts, the two-year average bond rate has risen by 41 percentage points, while the average price of three-year bonds has risen by 32 percentage points, as shown below. Until then, depositors had not even seen a rise. Owing to the property’s location in heart of the Yorkshire Dales, it was also vital that the new windows and patio doors offered superior thermal efficiency and acoustic performance as well as ease of operation and an attractive appearance. In his theory, money supply is controlled by the central bank and is an exogenous variable with no interest rate elasticity. At this point, monetary demand depends on people's psychological "liquidity preference".