Interest for Hire Purchase may rise

[BlackSamurai]

Guys,

I heard manys bank plan to increase the interest rate for Car Loan. Rumours were saying that Bank Negara intercept (not sure how true is it). We will know next Monday soonest.

 

[Civic-R]

Yah is confirmed by my bankers friend too. At LEAST 1% :stupid:

 

[links]

recession is coming, the inflation is high so there is pressure to increase interest rate and then the money supply will go down to reduce inflation then we will have another happy recession........

FED is under high pressure to increase their rates again, and banks in asia are also watching US 's move....just try to reserve your money for the rainy days...and the time for "cash is king" is coming. Can get some real bargain property with low price.

 

[csl]

The real interest rate should be at least par to BLR. What happen now is forward a step to what suppose to be.