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  • Monetary policy, aggregate demand and aggregate supply, macroeconomic objectives

Click to listen to the podcast below and then answer the questions:

Yikes! What should I do with my mortgage?

  • In recent months, how many consecutive base rate rises have we seen from the Bank of England?

  • Explain what is meant by i) a mortgage; and ii) a remortgage

  • Distinguish between i) a fixed-rate mortgage; ii) a variable-rate mortgage; and iii) a tracker mortgage

  • Lenders standard variable rates range from 7.5 — 8 per cent. This comes at a time when many households are rolling off fixed-rate deals between 1 — 2 per cent. Using a diagram, analyse the effect on households’ budgets and the broader macro economy

Gavin Clarke, Emmanuel College

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