“The combination of subpar real income growth, fragile household balance sheets and Brexit uncertainty may mean that the housing market is more vulnerable to a quicker pace of monetary tightening than currently anticipated,” said Konstantinos Venetis at TS Lombard.
“The glass is only half-full on the economy. Growth is nowhere near lift-off. Even with rate increases that are ‘at a gradual pace and to a limited extent’, the MPC will be treading a fine line,” says TS Lombard’s Venetis.
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