Latest / Your Way Home with Hongbin Jeong
Market View: Outlook for Singapore’s banking sector and Singapore banks’ dollar Tier 2 bonds in 2023, Higher interest rates on Thailand’s household debt and mortgage default rates, Possibility of Thai borrowers turning to unsecured retail products
The credit market is in focus today as tightening monetary conditions and trade tensions continue to dampen global market activity. We’ll start from home in Singapore. Earlier, market reports suggested that Singapore’s three largest banks could see a possible increase in bad loans and softer loan growth this year, but which are the risks to watch and which bank will be best-placed to weather the economic slowdown? Further away, JP Morgan is expecting to see Thailand’s interest rates peak this quarter at 1.75 per cent, but how would this impact the country’s banking sector amid elevated levels…
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