Just wondering what sifus here make of the recent hike in FD rates especially for the longer term deposits. I always concede that the banks know more than me; that they are smarter, when I try to make my decisions haha...

1. 12 month FD rates seem to be hovering around the 4% mark now, this suggests that banks are expecting the OPR to be raised upwards in this time period. Next OPR meeting is 6 Nov 2014, there's been some rumours that it may be raised this round to "manage" growth better and avoid overheating of the economy; after all, we are still growing by around 5.5-6% annually, the highest of SEA nations

2. the world's major economies are preparing to raise their interest rates to curb excessive risk taking

3. in spite of (1) above, BNM governor maintains that we still need a loose monetary policy with low interest rates. I'm just wondering how much we are able to go it alone, especially when the world's major economies adjust their interest rates to manage their own economies better; after all, we are only a small fish in a very big pond

My thinking is that there will be a hike in OPR at the next meeting in less than a month's time, which would then result in another hike in FD rates (?). What do the sifus think? While I am very tempted by the 4% 12 month rates, the prospect of even higher rates before the end of the year is even more tempting!

Interesting how the ending date for this promo coincides with the next BNM MPC meeting eh? Maybe the AMBank economist knows something we don't

Craaaaaaaaap...no rise in OPR.

Heehee...every man for himself!

But no need to worry whaaaat...dear PM says that although household debit is high, most of it is secured by property whose prices are going up and up and up...if not enough money to repay loan, just lelong it, and repeat process with another property lor