Kingdom unfazed by Fed rate hike
A day after the US Federal Reserve increased interest rates, which can potentially impact incoming investments and make debt more costly, experts say the Kingdom’s strong underlying growth will help maintain investments flows and leave the country largely unaffected.
The Fed’s 25 basis point rate hike – its first increase since rates were kept at near-zero levels after the global financial crisis – was widely expected and priced in by markets across the world, with Asian stocks ending yesterday’s trading in the positive. …
Ananth Baliga
http://www.phnompenhpost.com/business/kingdom-unfazed-fed-rate-hike
