As a small business, it is not uncommon that cash flow will be tight. In such circumstances, small businesses may turn to Small and Medium Enterprises (SME) loans to finance their expenses. While there are numerous loan companies offering SME loans in Singapore, whether you manage to secure your loan depends greatly on your individual company’s situation. Read on to.
The impending inflation and rise of interest rates are upon us, with the United States Federal Reserve looking to raise interest rates as early as March 2022. Singapore pegs its interest rates close to that of the US, so we're likely to see our interest rates edge higher as well. UOB economists predict that the key benchmark rate of SORA.
<h2><span style="font-size: small;">INTRODUCTION</span></h2>
<p><span style="font-size: small;">1. Since the last Monetary Policy Statement in October 2021, there has been a further upward shift in Singapore’s inflation outlook, reflecting both global and domestic factors. MAS has therefore assessed that it is appropriate to make another pre-emptive adjustment in its monetary policy stance at this juncture.</span></p>