Macroprudential Commentary – December 2021
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