Households in a better position to face a liftoff – BOE

FXStreet (Mumbai) - The Bank of England (BOE) quarterly bulletin released on Tuesday showed the households are now in a better position to cope with an interest rate rise than a year ago.

Key Points

The responses do not imply that a rise in rates would have an unusually large impact on spending.

The government's plans for fiscal consolidation are likely to continue to weigh on household spending.