"Wait a minute, this has to be deja vu. Barely a week ago, when Moody’s Investors Service downgraded the outlook on Singapore’s banking system from “stable” to “negative”, the Monetary Authority of Singapore (MAS) was quick to come up with an assurance that everything is honky dory. Don’t worry about the interest rate hikes, go on buying those properties. Now (yesterday), MAS is saying the rising household debt in the city state is worrying"
Posted on: Wed, 24 Jul 2013 07:32:15 +0000
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