The potential impact of higher interest rates and further fiscal consolidation on households: evidence from the 2015 NMG Consulting survey

Philip Bunn, Lizzie Drapper (), Jeremy Rowe and Sagar Shah ()
Additional contact information
Lizzie Drapper: Bank of England
Sagar Shah: Bank of England

Bank of England Quarterly Bulletin, 2015, vol. 55, issue 4, 357-368

Abstract: The balance sheet positions of mortgagors have improved modestly over the past year. Households appear a little better placed to cope with a rise in interest rates than a year ago and survey responses do not imply that a rise in rates would have an unusually large impact on spending. The survey results suggest that the Government’s plans for fiscal consolidation are likely to continue to weigh on household spending.

Date: 2015
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.bankofengland.co.uk/-/media/boe/files/ ... 4744B773A09ECA4DE8F8 Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:boe:qbullt:0189

Access Statistics for this article

Bank of England Quarterly Bulletin is currently edited by Lindsey Fowler

More articles in Bank of England Quarterly Bulletin from Bank of England Publications Group Bank of England Threadneedle Street London EC2R 8AH. Contact information at EDIRC.
Bibliographic data for series maintained by Publications Group ().