My view is that it is as good as it gets...the rates can't really go much lower from here. The important question is how long this will last? Every Asian governments knows that we have a liquidity bubble going on here which is fueling asset price (specifically real estate, since other assets seem to be under performing).
Measures to dampen the property market have so far only a muted effect on prices but this could be the soft landing we are all hoping for.
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