Wednesday, 14 Oct 2020 12:29 PM MYT
As of June 2020, household debt moderated to 4.0 per cent compared with 5.5 per cent in 2019, said Bank Negara Malaysia . BNM said the higher leverage has been mainly attributable to an increase in borrowings for the purchase of homes earlier in the year and in June following the reintroduction of the Home Ownership Campaign .
On the other hand, government measures such as the wage subsidy, and reskilling and upskilling programmes will serve to improve future employment and income prospects, which, in turn, will support debt serviceability.
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