Bank increases interest rate, will our CPF get rate increase too?

Still think the CPF is your money, or it's some kind of savings account? LOL.
 
CPF members will gain interest at a nominal rate. The surplus will be credited to GIC or Temasek.
 
According to analysts, Fed rates are projected to increase by 2.75% to 4% by the end of 2023. Local home loan rates are higher now. https://www.straitstimes.com/busine...ns-sora-pegged-loans-still-relatively-cheaper

Fixed-Rates for 2 Years is 2.25%pa now.
Last year, Fixed-Rates was merely 1.5%pa for 5-years, 1.28%pa for 2-years.
Now you can't even find someone to quote you a decent 5-years fixed-rates.

I have been thinking, why the sudden and urgent need to raise rates steeply? This is the sharpest increment in 25 years. We never faced this in 2004 or Lehmen crisis, etc. The last time it happened was the 1997 Asian financial crisis.

Then, I realized...... United States is trying to save US Dollar at the expensse the equities market. For years, China had been humiliating and laughing at US Dollar, while they secretly printed more (relative to their GDP per capita). Once the US Dollar is defeated, they will lose forever, but if the equity market crashes, it will always recover if US Dollar is still the world's reserve currency.
 
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