Oct 1 2011, 12:16 AM
QUOTE(shiroikun @ Sep 30 2011, 09:25 AM)
Looks like GOV going to take control in everything related to $$$. It will be a hard time for those with many installments and huge ploan amount.
It is good measure.Household debt is increasing in an alarming pace.
>70% of GDP, this is not a healthy sign at all.
We don't want to see Malaysia people facing debt problem afterwards eventually bring the economy down together.
We already see how debt problem in overseas, that can affect the country entire economy greatly and even threaten the whole banking sector across and systemic risk across.
If not household debt is increasing in alarming rate, BNM won't want to intervene at all.
Added on October 1, 2011, 12:18 amIn fact, BNM move is seen very mild, some even view not tight enough.
This post has been edited by cherroy: Oct 1 2011, 12:18 AM
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