Macroprudential Commentary – December 2021
2 Feb 2022
A pick-up in lending has been accompanied by rising imbalances
The countercyclical capital (CCyB) buffer remains at 1.0%
No CCyB rate increase is envisaged in the next quarter
Read about the following in the latest Macroprudential Commentary:
- Financial market growth is increasingly robust, and there has been an acceleration in the credit and property markets that may lead to a build-up of imbalances.
- Housing loans have continued to grow; the rate of decline in consumer credit has moderated.
- Corporate loan growth has accelerated; investment loan growth has also picked up.
- Firms are still being affected by rising input prices and supply chain disruptions.
- Banks remain well capitalised. After falling sharply in 2020, their profits have increased strongly.
Also in this edition:
- What has been the impact of rising energy prices and supply chain disruptions on exports and imports? (Box 1, page 5)
- How do firms see today’s situation? (Supplemental charts, page 7)
Key indicators as at October 2021:
| Annual growth in loans to households | 8.2% |
| Annual growth in housing loans | 10.8% |
| Annual growth in consumer credit | -6.3% |
| Non-performing loan ratio for household loans | 2.1% |
| Growth in loans to non-financial corporations (NFCs) | 1.1% |
| Non-performing loan ratio for NFC loans | 3.0% |
Macroprudential Commentary (PDF)
Countercyclical capital buffer indicators
Macroprudential Commentary indicators
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