Explainer: What does the US Fed's biggest interest rate hike in 2 decades mean for S'pore and the world? - TODAY

SINGAPORE — The United States Federal Reserve (US Fed) has announced the biggest hike in its benchmark interest rate in over two decades as central banks around the world act to combat fast-rising inflation.

"When you run an exchange rate policy on an appreciation bias, you can afford to have slightly lower interest rates than otherwise would have been the case," she said. "People will not just look at i… [+2920 chars]

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