boj speech, 2024-09-12
When considering the impact of interest rate hikes, however, it is also necessary to take into account the fact that (1) the extent to which short-term interest rate hikes are reflected in mortgage rates depends on the decisions of the lending financial institutions and, in many cases, a mechanism is in place to prevent sudden increases in monthly loan repayments and (2) many households with a housing loan are working households, some of which benefit from wage increases.
Sentiment: neutral
Topic: mp_interest_rate