Bloomberg.com, 26 Aug 2008, Patricia Lui
Aug. 26 (Bloomberg) -- Singapore's interest-rate swaps will extend the past month's decline as slowing growth and easing inflation signal a looser monetary policy, HSBC Holdings Plc and Standard Chartered Plc said.
Singapore's interest-rates swaps have slid through August to levels below when the credit crunch ignited in 2007. A report yesterday showed inflation slowed from a 26-year high while Singapore's government this month cut its 2008 growth and export forecasts and warned of a ``bumpy year ahead.''
Read More
