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Rogers - Households Adjusting To Stress But Doesn't Mean It's Been Easy

CANADA
  • Q by MNI's Greg Quinn in the Financial System Review's press conference: Public debate has been so dominated on housing and affordability whilst this report surveys investors who see housing as only the fourth most important risk in the financial system. There seems to be a gap between the public mood and what you’re saying about the financial system’s resilience.
  • Rogers: We can’t stress enough that there’s a difference between looking at overall system stability and acknowledging the real stress that’s felt by households and individuals. When it comes to characterizing the mood, even if households are adjusting well that doesn’t mean that it’s been easy – people are finding it difficult. That’s probably what contributes to the mood.
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