Impacts of interest rate hikes on the consumption of households with a mortgage

Panagiotis Bouras, Joaquín Saldain, Xing Guo, Thomas Michael Pugh and Maria teNyenhuis

No 2024-14, Staff Analytical Notes from Bank of Canada

Abstract: We assess how much the recent rate-hike cycle has and will affect mortgage borrowers' consumption through its impacts on mortgage payments. Our analysis provides insights into the effects of changes in monetary policy on the consumption of mortgage borrowers.

Keywords: Interest rates; Monetary policy; Recent economic and financial developments (search for similar items in EconPapers)
JEL-codes: D1 D13 E2 E21 G5 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2024-06
New Economics Papers: this item is included in nep-ban, nep-cba and nep-ure
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