Singapore interest rates seen edging higher as US hikes are not done yet

Analysts said short-term rates such as Sora and Sibor, used as benchmarks for pricing floating-rate housing loans, will likely climb higher. PHOTO: ST FILE
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SINGAPORE - The United States Federal Reserve delivered on Wednesday its smallest rate hike since last year and acknowledged that US inflation is cooling.

But that does not mean the price pressures seen in Singapore are now in the past and that interest rates here, especially those that affect home loans, will start to ease any time soon.

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