Central Bank: Households in debt a risk to banks
Central Bank: Households in debt a risk to banks 3 Hrs Ago In this March 17, 2020 photo people line up to enter the Central Bank in Port of Spain. File photo/Angelo Marcelle - The Central Bank has warned that growing household indebtedness, high government debt and rapid digitalisation pose risks to TT’s financial stability as the pandemic persists. In its financial stability report for 2020 which was released on Wednesday, the bank said while household debt contracted over the year, financial institutions remained exposed to shocks of loan deferrals. “Rising unemployment and depressed i...