The household debt-to-gross domestic product (GDP) ratio increased to 89.1% last year but the ability to service debt remains sound, said Bank Negara.
“This continued to be supported by a broadly stable domestic employment and income outlook,” said the central bank in its Financial Stability and Payment Systems Report 2015.
The share of borrowings by households with incomes of less than RM3,000 a month dropped to 23.6% of total household debt from 24.3% in 2014 and 28.4% in 2013.
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“This continued to be supported by a broadly stable domestic employment and income outlook,” said the central bank in its Financial Stability and Payment Systems Report 2015.
The share of borrowings by households with incomes of less than RM3,000 a month dropped to 23.6% of total household debt from 24.3% in 2014 and 28.4% in 2013.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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