Lending rates playing catch up

Data released this week reinforce our view that domestic demand is softening in response to higher interest rates. And with the rise in lending rates still having further to run to fully reflect the hikes to the repo rate, it is likely that household consumption, and investment, will weaken a bit further.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.