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
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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.
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