The Bank releases the 2020 Household Indebtedness Survey Report. Generally, the Survey results, which are based on data sourced through the administration of online questionnaires, suggest minimal risks to financial stability posed by the level of household indebtedness in 2019. Majority of credit providers expect a moderate to high demand for credit in 2020 as a result of progressive reductions in the Bank Rate and increase in salaries of Government and other public sector employees. The Report is attached below:
