The Bank releases the 2022 Household Indebtedness Survey Report. Generally, the survey results, which were based on data sourced from banks, microlenders and hire purchase stores through the administration of online questionnaires, indicate that the rising cost of living and the lingering effects of COVID-19 on households’ loan affordability informed the outlook for demand of credit. As such, most banks indicated that they were reluctant to supply credit in 2021. Generally, banks (commercial banks and statutory banks), microlenders and hire purchase stores view the outlook for demand for credit as moderate in 2022.  

The Report is attached below: