Simon Arraj: Soaring mortgage costs could trigger private credit rush

Simon Arraj: Soaring mortgage costs could trigger private credit rush

A steep rise in living costs for working households due to rising mortgage costs could push savers out of cash and into fixed income investments which benefit from higher interest rates, such as private credit funds, which are yielding around 10 per cent per annum.

Any rise in official interest rate this month potentially pushing yields even higher.

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