10  BIS Review 48/2004  Consequently the Reserve Bank has been giving a consistent message to households and investors over the last year. Prudent buyers and investors need to satisfy themselves that they could withstand a reasonably significant fall in house prices and rentals and/or a reasonably significant rise in interest rates.
A project presented by the European Commission and supported by the International Network on Financial Education. We are committed to incorporating the framework into our national financial literacy strategy. The pandemic was a reminder that the world is fundamentally unpredictable, and that financial literacy is an essential tool for managing personal finances to prepare for the unexpected.