An insider’s “test balloon” on CPF?

Photo: TODAYonlinePhoto: TODAYonline

An insider’s “test balloon” on CPF?

My regular insider ES sent me the following four very interesting articles about bank deposit and CPF interest rates, government borrowings/financing, etc:-

http://eresources.nlb.gov.sg/newspapers/Digitised/Article/biztimes19761011-1.2.5http://eresources.nlb.gov.sg/newspapers/Digitised/Article/straitstimes19851125-1.2.10http://eresources.nlb.gov.sg/newspapers/Digitised/Article/biztimes19770411-1.2.6http://eresources.nlb.gov.sg/newspapers/Digitised/Article/singmonitor19830220-1.2.11.3

Do you know that CPF interest rates were as high as 6.5 per cent, and there were times when bank deposit interest rates were higher than CPF?

Since there has been so much talk and debate about “test balloons” – I thought perhaps I should try to float one too.

So, the issue arguably, may be whether it was intentional policy changes to provide an unlimited ever increasing source of cheap money/refinancing, which has resulted in very low bank and CPF interest rates to the detriment of Singaporeans?

Leong Sze Hian

About the Author

Leong
Leong Sze Hian has served as president of 4 professional bodies, honorary consul of 2 countries, an alumnus of Harvard University, authored 4 books, quoted over 1500 times in the media , has been a radio talkshow host, a newspaper daily columnist, Wharton Fellow, SEACeM Fellow, columnist for theonlinecitizen and Malaysiakini, executive producer of Ilo Ilo (40 international awards), invited to speak more than 200 times in over 30 countries, CIFA advisory board member, founding advisor to the Financial Planning Associations of Indonesia and Brunei. He has 3 Masters, 2 Bachelors degrees and 13 professional  qualifications.