BOE says UK households now in a better position to withstand interest rate hike

BOE Quarterly Bulletin now out

– The balance sheet positions of mortgagors have improved modestly over the past year.

–  Household spear a little better placed to cope with a rise in interest rates than a year ago and survey responses do not imply that a rise in rates would have an unusually large impact on spending

The words "modestly" and a "little" better belie the headline

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