Singapore households have managed rising interest rates well: MAS

Singapore households have managed rising interest rates well: MAS

Channel NewsAsia - Commentary·2023-11-27 14:01

SINGAPORE: Singapore's households have weathered rising interest rates well, and those with mortgage loans are well placed to manage the impact of higher rates, the Monetary Authority of Singapore (MAS) said on Monday (Nov 27).

The household sector has stayed resilient and seen healthy income gains amid recent increases in the costs of living and debt servicing burdens, the regulator said in its annual financial stability review.

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