Tuesday, February 8, 2011

Rates hike coming?

Today China's central bank has risen the deposit interest rate to 3% and the loan interest rate to 6.06%.

This rate hike is to fight against their inflation.

Is Singapore going to do the same?

What will happen if interest rates rise?

Those with their money in the bank will be happy because they will get more interest.

Those who has just taken the home loan? The smell of disaster is not very far away.

Looks like there will be some bargains for us out there very soon?

As we hope things to happen, we still continue to do our homework.


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