Blog: Lenders should brace for cost of living impact
Blog: Lenders should brace for cost of living impact
Abstract
Things were already getting heated at the beginning of the year, when the tailing off of the pandemic was followed swiftly by rises in inflation and higher interest rates as the economy seemed to bounce back. Then another ‘black swan’ event came into view, as Russian tanks massed on the Ukrainian border in March. As a result, the large hike in inflation that the most pessimistic pundits thought might, possibly, arrived early.
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