Faster US rate hikes to have mixed impact on Singapore
One concern for Singapore and the region is the prospect of investment funds flowing out to US-dollar assets
Add BT as a preferred source
Singapore
THE United States Federal Reserve's decision to step up the pace of interest rate increases signals its optimism about the economy but will likely have a mixed impact on Singapore and Asia.
On the one hand, a stronger US economy spells good news for regional exporters. However, higher rates will push up borrowing costs in Singapore and the region.
