Borrowers more exposed than ever to rising rates

The low starting point for interest rates, the high share of mortgages at variable rates of interest

and the record level of mortgage debt relative to earnings mean that borrowers are more exposed

than ever before to a sustained round of monetary policy tightening.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.