Data released this week reinforce our view that domestic demand is softening in response to higher interest rates. And with the rise in lending rates still having further to run to fully reflect the hikes to the repo rate, it is likely that household consumption, and investment, will weaken a bit further.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services