One thing for sure about the United States’ Federal Reserve raising interest rates is that there will be a spillover across industries, including a rather hot industry of late: Cybersecurity.
Following the rate hike, other financial markets may follow suit, and so may banks within South-east Asia, as the US rates are a common market benchmark (“S’pore consumers to see loan repayments go up as Fed hikes rates’; Dec 18)
Businesses, especially those that rely on some form of bank loans for survival or are dependent on trade in US dollars, may suffer. Increased interest rates imply a budget reduction for business operations, along with the budget for cybersecurity. For the full article click here
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