Interest rates in the U.S. have been increased by 25 basis points or 0.25%, with six more planned increases for 2022. So… What has this got to do with me? Source: Giphy As you know, Singapore is a trade-dependent nation, and any change in interest rates in the world’s largest economy will affect everyday Singaporeans in one way or another. Things like your home loans, costs of travelling overseas, and investments will be impacted when interest rates in the U.S. are adjusted. How? Read on to find out! TL;DR: How Does The Interest Rate Hike Affect Singaporeans? Singapore’s interests rate are largely influenced by the global markets and especially the U.S. The Federal Reserve (Fed) has increased interest rates and will continue doing so for the next few years to combat inflation. As a result, Singapore’s domestic interest rate will also be expected to rise in the...