Singapore households, businesses to brace for interest rate ‘shock’; Fed hike to slow Asean recovery: Economists

THE United States’ Federal Reserve’s <a href="/government-economy/federal-reserve-rolls-out-biggest-rate-hike-since-1994-flags-slowing-us-economy" target="_blank">historic rate hike</a> will dampen growth in Singapore and Asean, while the higher interest rates will put pressure on households with mortgages and businesses looking to borrow.


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