Interestingly, though, the preliminary findings of a Central Bank survey of household income and indebtedness (details forthcoming)3 suggests that income declines unassociated with unemployment, and negative equity, are also strongly associated with arrears in Ireland today.   The decline in employment rates means that many households have a reduced number of income earners at present.
Concluding remarks Ladies and gentlemen, the ongoing rebalancing of growth across the globe as well as the challenge of preparing for greater integration with our ASEAN neighborhood will require continued vigilance on the part of the BSP and more active involvement from our banks.