Since 2020, the US Federal Reserve has been raising the federal funds rate to 4.75-5% in an attempt to tame the rampant inflation that has reached 40-year highs. As a result central banks all around followed suit and raised their interest rates as well putting an end to the era of ultra low rates which saw many making money in equity markets and properties. In Malaysia, Bank Negara has been raising the overnight policy rate to 2.75% from 1.75% in 2020, the lowest level on record. Chong Jin Yoong shares his thoughts on why the governments are raising rates and how it impacts your money.

<p>Since 2020, the US Federal Reserve has been raising the federal funds rate to 4.75-5% in an attempt to tame the rampant inflation that has reached 40-year highs. As a result central banks all around followed suit and raised their interest rates as well putting an end to the era of ultra low rates which saw many making money in equity markets and properties. In Malaysia, Bank Negara has been raising the overnight policy rate to 2.75% from 1.75% in 2020, the lowest level on record. Chong Jin Yoong shares his thoughts on why the governments are raising rates and how it impacts your money.</p>

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Ringgit and Sense

We explore financial themes and help you make sense of the world of finance. From setting financial goals, managing finances, investing and understanding the various issues that affect our wallets. Ringgit and Sense wants to help you understand personal risk profiles, realistic investment horizons, retirement planning, managing education loans and health insurance plans, as well as breaking down the various personal finance products that are available.

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