The interest rates are on hold, then the inflation will most likely continue to push to higher level, and then the living costs will most likely continue to go up for most of households. The result will be the same as higher interest rates, that is, more financial burden on most of households.
If workers ask for higher pay, then the burden will spread to employers. The employers will in turn pass the burden to households. This is a cycle.
Sustainability is important. People can not expect house prices to rise all the time and other prices to remain stable. If this happens to be true, but it is only temporary because it is not sustainable.
