Interest rate increases - High cost of property needs to fall

Some 49% of people surveyed recently by Amárarch Consulting say that they have been unaffected, or only slightly affected by interest rate increases, while a majority say they have had to cut back on spending.

Only 8% said they had to cut back significantly on spending and entertainment, while 43% say that they have had to cut back on just some spending.

Only 9% of those surveyed say they are “very concerned” about increasing interest rates, but 30% said that they are concerned lest future rises would compel them to cut back on other spending.