In our earlier report, we looked at the debt servicing ratio that households are paying off, in servicing their debt both by making interest payments and by paying back mortgages—repayments. We've noticed that this ratio has been elevated and relatively stable over the last few years, but this was in the context of very low interest rates at the same time, and also a sort of lacklustre economic performance.
Looking ahead, obviously we think that interest rates will gradually increase over the medium term, and the economy is projected to improve. Together, we think households should be able to manage this, but again, this analysis was done at a very macro aggregated level. I think that looking at the analysis the bank has put out in their FSR is helpful in order to see which households and which income ranges or regions are more vulnerable than others.