Published on 10 May 2022

Interest rates are surging - here is what it means for you and your money

In an interview with CNBC, NBS faculty Assoc Prof Lee Boon Keng shares his views on how these factors contribute to rising interest rates, and how to steer your finances through this challenging time.

An entire generation of people is about to experience higher interest rates for the first time in their adult lives. With demand recovering rapidly and supply chains still affected by the pandemic and ongoing geopolitical crisis, there’s now the “perfect storm” for a sharp increase in inflation.