Forex market had factored in the rate cut by year end anyway, but in relation to how that gonna help up property market?? I doubt it.
For glen to cut rate, the few factors need to strike his face hard. Employment n inflation. Massive acceleration in unemployment due to global slowdown will be more scary than the banana inflation.
If you have a mortage now but good job security and prospect, no worries at all even Glan said he wanted to raise 50 basis point. But if unemployment start to shoot up, cut rate won't help much either because the jobless just couldn't service their debt.
Cut short. Good time, we want appreciation, bad time we want preservation.
