Central bank officials have said interest rates will remain high for a longer period of time, making investors nervous. Hugh Peel, the Bank of England's chief economist, likened the UK's likely interest rate path to Cape Town's "Table Mountain" because of its high, flat top. Still, the economy has shown resilience despite rising interest rates. However, businesses and households will face greater pressure in the coming months as post-pandemic cash buffers dwindle and loans locked in at low interest rates expire. While inflation is expected to gradually decline from 40-year highs and interest rates will eventually fall, it is unrealistic to expect credit costs to plummet back to post-global financial crisis lows.