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:-
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