You are here

Expect higher rates by June: economist

BT_20150107_JLOCBC7_1443335.jpg
Mr Jerram says the Fed is "already two years late in raising rates".

Singapore

THE market has underestimated the pace of higher interest rates in the US, with the first hit expected around June rather than in the second half of the year, as some expect, says Bank of Singapore chief economist Richard Jerram.

This sets the stage for some volatile