The article examines how changes in interest rates affect household spending in Norway. By studying data on all households, the researchers found that both low-liquidity and high-liquidity households change their spending in response to interest rate changes. Borrowers and savers also adjust their spending based on interest rate shifts. The effects of interest rate changes on spending are not immediate but happen over time. This study shows that financial barriers, cash flow, and different households react differently to changes in monetary policy.