Reserve Bank of Australia (RBA) released a media statement on 7 October 2014. It was keenly anticipated with many watchers on their views on interest rates and any property measures to cool the market. Let's look at the property-related key points from the speech by Glenn Stevens, Governor.
Singapore CPF Board today announced HDB loan interest rate will stay at 2.6% for the period of Oct 1 to Dec 31 2014.
SINGAPORE — Twenty banks were found to have deficiencies in setting interest rate and foreign exchange benchmarks, and will be required to set aside cash reserves with the authority while they address the issues, said the Monetary Authority of Singapore (MAS) as it unveiled its year-long review on the financial benchmark setting processes yesterday.
In the latest review in Nov 2014, Singapore CPF Board announced no change to CPF interest rates. So what does it mean for HDB loan?
While looking for your housing loan Singapore, the first thing you look at is its interest rate. Borrowers normally look for loans with minimum interest rates. So it's never too late to first learn about the different types of home loan interest rates in Singapore, and how they work.