New digibanks may push interest rates higher, but not for reckless market grab: MAS

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New digibanks may push interest rates higher, but not for reckless market grab: MAS_sg

NEW digital banks in Singapore could push interest rates higher amid heightened competition, said managing director of the Monetary Authority of Singapore Ravi Menon. But this does not swing into predatory behaviour so long as the digital banks do this with profitability in mind.

 

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