News analysis

Singapore interest rates may remain low for now, but era of cheap money is about to end

Most analysts see tough times ahead for the global financial markets. ST PHOTO: LIM YAOHUI
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SINGAPORE - Interest rates on loans and fixed-income yields may remain low for a while more after some of the world's most influential central banks recently decided to temper expectations of an immediate hike in borrowing cost.

However, inflation has become a growing headache for the guardians of monetary policy worldwide, whose primary mandate is to ensure price stability.

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