MAS PHASES IN BORROWING LIMITS ON UNSECURED CREDIT

This means anyone taking personal loans, loans for buying home appliances/furniture etc.

And oh. Credit cards as well. I spoke about it some posts back.

The good thing is the hit would be phased in. The inferred bad thing is, the situation on the ground is not all that rosy. But steps are taken with the relevant help agencies like CCS ever ready.

If you notice the phasing in period ends in July 2019. Perhaps that is MAS' take on when 'peak interest rates' will occur?