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Here's the Bank of England's report on the impact of a interest rate rise on households - the 2014 report from NMG consulting - alternatively titled - 'when the s**t hits the fan.'
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1 comment:
".. a 2 percentage point rise in interest rates could reduce aggregate spending by 1% ..."
In other words, such a move would push the UK back into recession in the blink of an eye.
Not likely to happen any time soon, then.
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