bullish
UK: Wage Spikes Absorb Rate Hikes
215 Views22 May 2024 00:31
Pass-through of past rate hikes will continue as households refinance their mortgages. Quoted rates have more than doubled, but monthly payments...
What is covered in the Full Insight:
- Rate hikes and the role of wage increases
- Monetary tightening and refinancing shocks
- Impact of higher rates on mortgage payments
- Comparison of wage growth and monetary policy tightening over longer and shorter periods
- Outlook for monetary policy and affordability of higher rates
SUMMARY
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