The low starting point for interest rates, the high share of mortgages at variable rates of interest
and the record level of mortgage debt relative to earnings mean that borrowers are more exposed
than ever before to a sustained round of monetary policy tightening.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services