Summary
IS THE Bank of England's interest rate medicine starting to work? The fall in retail sales figures suggests that shoppers are beginning to respond to the five quarter-point increases since November.
New data from the housing market also indicates that the message is finally getting through to borrowers.See the full content of this document
Extract
Borrowers Get the Message ; City Comment
Although the Council of Mortgage Lenders reports a surge in lending to homebuyers to a record Pounds 14.7bn, its figures are subject to a time lag and so do not yet reflect the two most recent rate hikes....
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