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- Title
The potential impact of higher interest rates on the household sector: evidence from the 2014 NMG Consulting survey.
- Authors
Anderson, Gareth; Pugh, Alice; Uluc, Arzu
- Abstract
The article focuses on the potential impact of higher bank interest rates which is based on the 2014 household survey conducted by insurance and investment consulting firm NMG Consulting. Topics mentioned include the effect on household financial pressure with high levels of debt, the distributional consequences to borrowers and savers, and the adverse effect to higher income compared to low income households.
- Subjects
INTEREST rates; HOUSEHOLD surveys; NMG Consulting (Company); FINANCIAL stress; DEBT valuation; BANK loans; SAVINGS accounts; INCOME inequality
- Publication
Bank of England Quarterly Bulletin, 2014, Vol 54, Issue 4, p419
- ISSN
0005-5166
- Publication type
Article