MAS warns of risks surrounding households
Prudent financial and debt management is crucial, regulator says
The Monetary Authority of Singapore has warned households to manage their debt and stay financially prudent to ensure they have sufficient funds for retirement.
In the central bank's latest financial stability review, published on November 29, the banking regulator notes, however, that most households have "ample financial buffers" to withstand potential challenges in the market.
MAS also says household balance sheets have strengthened and the property market has stabilised after macro
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