BRIEF-Fitch Says Financial Surpluses Buffer Households Against Rising Rates
BY Reuters | CORPORATE | 06/30/22 01:52 PM EDTJune 30 (Reuters) - FITCH:
* FITCH SAYS FINANCIAL SURPLUSES BUFFER HOUSEHOLDS AGAINST RISING RATES
* FITCH RATINGS SAYS FINANCIAL SURPLUSES BUFFER HOUSEHOLDS AGAINST RISING RATES
* FITCH SAYS THOUGH AGGREGATE HOUSEHOLD SAVINGS RATIOS EASED FROM PANDEMIC PEAKS, SAVINGS REMAIN LARGER THAN RESIDENTIAL INVESTMENT, IMPLYING ONGOING FINANCIAL SURPLUS
* FITCH SAYS AGGREGATE HOUSEHOLD DEBT-TO-INCOME RATIOS IMPROVED AND STRONG LABOUR MARKET DYNAMICS TO CONTINUE TO SUPPORT HOUSEHOLD INCOME GROWTH IN NEAR TERM
* FITCH SAYS HOUSEHOLDS IN EUROZONE, UK, US APPEAR BETTER-PREPARED TO COPE WITH HIGH INTEREST RATES VERSUS LAST TIGHT GLOBAL MONETARY POLICY IN 2006
* FITCH SAYS STRONG CONSUMPTION IN U.S. HAS BEEN BEHIND U.S. HOUSEHOLD SAVINGS UNWINDING FASTER THAN EUROZONE AND UK COUNTERPARTS Source text for Eikon: