No wonder the BoE/MPC is resisting lowering interest rates; the Bank's own research concludes that around a third of all mortgage holders still are shielded (by fixed rate deals) from the rise in interest rates engineered by the MPC.

So there are plenty of victims that the sado-monetarists have yet to reach... though they'll be heartened to know in the next 3 years around half of all mortgages will get more expensive.

For the MPC: 'no pain, no gain'....

#mortgages
https://www.theguardian.com/business/2024/nov/29/firms-in-shadow-banking-sector-risk-triggering-asset-sell-off-says-bank-of-england