RE: February Finals30 Jan 2022 19:34
whilst i agree interest rises tend to eventually trigger a recession , but it normally takes around 18 months. interest rises started in 1989, but recession took effect early 1991. the purpose of interest rise is to reduce money in consumer pockets so reducing demand. Banks may do well ( initially) as once money runs, loans increase. I do not think help to buy will effect banks as much as the goverment is on the hook for upto 20% of the loan, so government will do what it can to keep the help to buy mortgages in green.