The prospect of the first rise in interest rates in a decade has raised concerns about the impact on the already beleaguered consumer. Indeed, there is clearly a risk that the sheer shock of the first hike could dent sentiment. But we think there are reasons why confidence shouldn’t be hit too hard.
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