The housing loan rate has decreased recently and resulted in a price war amongst several banks as reported in main stream newspapers. See below. http://www.businesstimes.com.sg/real-estate/uob-hsbc-join-mortgage-war-with-3-year-fixed-rate-packages We were taught that Singapore’s interest rates are pegged to US and hence any fluctuations here must be due to interest rate fluctuations from the Federal Reserves. In this case,…
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WHAT IS DEFLATION? Articles are from investopedia. Deflation is an economic term used to describe a period of declining prices for goods and services. Decreases in the money supply, government spending, consumer demand and business investment have all been cited as causes of deflation. Deflation usually happens during an economic depression when there is lower…
Image source Economy grew moderately The economy grew a “moderate” 2.8 per cent in 2014 as productivity gains remained weak for a third straight year, Prime Minister Lee Hsien Loong said on Wednesday. But incomes continued to rise, he added in his yearly New Year message. The growth rate was a tad lower than official forecasts…