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Are you guys ready for hike in interest rate?, Interest rate rising in July & September
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Jasoncat
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 Jul 8 2014, 09:53 PM
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QUOTE(Jliew168 @ Jul 8 2014, 09:36 PM) If property market collapse and interest rate at 12% u think ddd dare buy? This is not sarcastic statement but I really interested to know ddd dare to shop that time? Let say 1 mil prop now drop to 700k , interest rate at 12-13% , will they commit? If that really happen, it's indeed good time for people with strong / adequate cash in hands to go in. |
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Jasoncat
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Jul 9 2014, 08:32 AM
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If they defer the rate hike, I don't think it's because of Ramadan reason Attached thumbnail(s)
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Jasoncat
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Jul 10 2014, 10:43 PM
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QUOTE(icemanfx @ Jul 10 2014, 07:47 PM) 0.25% rise is unlikely to have any impact on property market, bnm should have increased by 0.50% Too drastic and steep rise in rate will hurt the economy. 50 bps hike in one go is highly unlikely in the current economic situation. |
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Jasoncat
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Jul 10 2014, 11:00 PM
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The rate hike this time round is not due to inflation, or to be more specific not triggered by demand pull inflation. Rather this is to rein in the high household debts from continue rising. Nevertheless, this is a double edge sword, on one hand it may be able to curb excessive borrowing but on the other hand it will add more burden to the existing borrowers which couple with the rising cost of living may end up to see a rise in loan default rate. Further, excessive rate increase may discourage private sector spending and impede the economic growth of the country. So, at this juncture, further rate hike in the immediate future, if any, shouldn't be higher than 25 bps.
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