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3rd Aug 2022 14:30U.K., Daily Monitor

The effective interest rate on the stock of mortgages rose by only 11bp in H1, but will jump by 30bp in H2...

...and by a further 30bp over the course of 2023, if markets are right about the path for risk-free rates.

Firms still are very exposed to movements in short- rates; the transmission mechanism remains powerful.

bank rate bonds businesses cash debt disposable income economy hawks house price house price index house prices households income index interest payments interest rate June loans ltv markets mortgage mortgage debt mortgage lending mortgage rates mortgages mpc new mortgages official house price index q2 refinancing remain savings unemployment

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Keywords for: 4 Aug 2022 UK Monitor

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