Sentences with phrase «rate than households»

A household that uses more than 30 % of their available credit is considered a credit risk and will be given a higher interest rate than households that use less of their available credit.

Not exact matches

If the Bank of Canada hikes two more times this year, some households could be renewing at a rate 75 basis points higher than what they previously paid, according to Rob McLister, CEO of intelliMortgage Inc. in Toronto.

The Duetsche Bank predictions came supported with charts and statements that show Canada's housing market is valued 35 % higher than the median house price (when compared to median household income) and 91 % when compared to average rental rates.

If we came to learn that excessive household debt posed a bigger threat to economic growth than does a certain level of government debt, then policy makers would want to take that into account when setting interest rates.

But that pain today would arguably be less severe than if rates go up years from now, when households have piled on even more debt.

For Canadian households debt loads rose faster than incomes, which may be a reaction to lower interest rates.

A 2013 survey conducted near its Tasiast mine in Mauritania by local sociologists found that the number of households living below the poverty line had been cut by more than half since 2011 and the unemployment rate had declined from 47 per cent to 24 per cent.

Connecticut is home to a higher per - capita rate of millionaire households than all but one other state.

He says the higher rates have helped keep the accumulation of household debt lower than it otherwise would have been had Canada continued with government belt - tightening approaches of the past.

Carney was quick and decisive in slashing rates during the crisis, more so than other central bankers, but the sustained period of low rates has led to a record amount of household debt and other problems.

India's birth rate is now only slightly higher than the U.S. rate, with most advanced nations close to or below the natural replacement level of two children per household.

«Taking this generation's diversity into account, our forecast for household formations over the next five years is 6.50 million to 6.75 million, or 1.30 million to 1.35 million per year, which is over 30 % higher than the long - term average rate of household formations,» Tirupattur says.

The low level of interest rates means that even though debt levels are higher, the share of household income devoted to paying mortgage interest is lower than it has been for some time.

Rising income and rising uncertainty both suggest that we should expect higher, not lower, household savings rates, which in turn imply that household income must grow faster, not slower, than household consumption.

In this case the «cost» of financial repression to households was the gap between nominal GDP growth and nominal lending rates, plus an additional 1 - 1.5 % to account for the larger than normal gap between the lending rate and the deposit rate.

In a low - inflation environment, nominal interest rates are also low, and households are able to service much higher levels of debt than they could in the past.

Net interest payments of households are now more responsive to changes in interest rates than they were a decade or more ago (at least in the short term).

Given the nation's debt load — as of February, households had a record $ 2.1 trillion of mortgage and non-mortgage debt — Poloz estimates the economy is 50 per cent more sensitive to rate hikes than in the past.

And thirdly, of course, higher leverage means that monetary policy's impact via its effect on the behaviour of borrowers will be bigger than in the past — especially in a country like Australia where the majority of household debt is at floating rates.

The PBO identified four key downside risks to the private sector forecast: global growth, especially in the U.S. could be slower than anticipated; the appreciation of the Canadian dollar could adversely affect exports; sovereign debt issues in Europe could restrain recovery there and put upward pressure on global interest rates; and the high level of household debt in Canada could restrain domestic demand.

Among them: more modest growth, low - for - long interest rates and a household sector that comprises a relatively smaller percentage of the economy than it did at the peak in 2007.

Households were fine because although the GDP pie was growing at a much slower rate after 1990 than before, their share of the pie was growing after 1990, whereas it shrank before 1990.

If interest rates decline, the drop in financing costs may induce some households to buy a motor vehicle or purchase a home now rather than in the future.

The model would tell us that rather than implement income distribution policies that force up the savings rate, Beijing should redistribute income from the state sector to households so as to force up consumption.

As the congressional debate over President Donald Trump's tax overhaul begins, more Americans say tax rates on corporations and higher - income households should be raised rather than lowered.

Yet lower - income Democrats are less likely than higher - income Democrats to say tax rates on high - income households should be raised (47 % of those earning under $ 30,000 vs. 63 % of those earning $ 30,000 or more).

A June 2013 Pew Research report estimated that mobile phone penetration rate reaches 86 % among American households earning less than $ 30,000 per year.

But while 70 % of liberal Democrats say tax rates on household incomes over $ 250,000 should be raised, fewer than half of conservative and moderate Democrats (46 %) say the same.

In the euro area, the household saving rate increased due to a larger fall in real final consumption expenditure -LRB--0.7 %) than in real gross disposable income -LRB--0.4 %).

This is despite the fact that interest rates paid on debt by households are substantially lower now than in 1996.

This slowing is attributable to the household credit component, which expanded at an annualised rate of 13.2 per cent over the same period, compared with the peak a year previously of more than 21 per cent.

The recent rise in the debt - servicing ratio is largely a result of households increasing their debt levels, rather than an unexpected sharp rise in interest rates, as occurred in the late 1980s.

Although the growth rate of household income picked up in the second half of 2003, it was still lower than that of consumption (Graph 29).

Canada wasn't the focus of the panel discussion the governor was participating in, but Carney did hint, in passing, that the BoC is willing to put up with higher than two per cent inflation in order to avoid hurting highly indebted Canadian households by raising interest rates too quickly.

In a seven page report released Friday, Beata Caranci says the need for financial literacy has never been higher because of record low interest rates and household debt growing faster than income, something the millennial population seems unprepared to deal with.

British households now conserve significantly less than # 1 in every # 20 of cash flow — half the rate at which they put money away forty many years in the past British households now conserve just four.8 pc of their income — significantly less than half the fee at which men...

Citing emerging domestic price pressures and stronger - than - expected household spending and housing market activity, the Reserve Bank of New Zealand raised its policy rate by 1/4 of a percentage point in January to 5 1/4 per cent.

Notwithstanding the modest increase in saving rates recently, households» aggregate borrowing has continued to increase faster than income.

As households have simultaneously increased their debt levels and equity holdings, they are now much more exposed to changes in interest rates and equity prices than has been the case in previous cycles.

Median - and Lower - Income Households Face Higher Inflation Rates Consumer inflation differential vs. household income greater than USD 100K (average per year, 2004 - 2013)

Households were responding to declining interest rates by paying off their loans more quickly rather than reducing loan payments.

However, unlike in the late 1980s, the current increase in the ratio has been mainly driven by the decisions of households to increase their levels of debt, rather than by a significant and unexpected increase in interest rates.

So the answer to the question I posed above is that, provided the variability of interest rates has also fallen in proportion to the fall in the average interest rate level — which it has — the hypothetical household in 2003 is in no riskier a position than the hypothetical household in 1993.

Households have increased their borrowing by more than interest rates have fallen, an outcome consistent with the developments discussed in the previous section.

Obviously, if households have more debt, a rise in interest rates will affect them more than if they had less, and so income after mortgage payments would fall more, and so would consumption.

Debt - free households purchased more expensive homes, put down a larger down payment, and paid a lower mortgage interest rate than indebted households as well.

Therefore, even when religious programs are on semiprime time, the number of viewers per set is probably no more than about 1.8 — the viewers - per - household figure widely used by the rating firms themselves.

The Spanish - language network Univision, which will show more than 200 Mexican league matches in the U.S. in 2004, has drawn a healthy 6.4 rating for those games among Hispanic households.

Statistics from the Infant Feeding 2000 survey, however, suggest that rates of breast feeding in the UK20 are similar to those of Singapore.7 Our results were also consistent with the results of PROBIT study in Belarus, in which 36 % of women in the control group were breast feeding at all at six months.21 Around 90 % of the women in our study had monthly household incomes of less than Singapore $ 5000 (# 1630, $ 2413, $ 3294).

Urinary As concentrations in our infants were an order of magnitude lower than the median 35 µg / L of As in a Bangladeshi population exposed to high drinking water As levels (median, 80 µg / L).28, 47 This was expected given the high rate of breastfeeding in our populations29 and the lower proportion of households with tap water As concentrations above the US Environmental Protection Agency standard of 10 µg / L (12.5 % in our study).