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Evening Standard
Evening Standard
Business
Daniel O'Boyle

Interest rate hikes have barely begun to hit households, top economist warns

Paul Dales Interest Rates Capital

The Bank of England’s wave of rate hikes have only just begun to hit households, with the vast majority of the shock still to come, a leading economist warned today.

New analysis from Capital Economics has found that the average interest rate that households are paying - including households without mortgages - has barely budged since the Bank’s latest rate-hiking cycle began at the end of 2021.

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