Reuters India, 23 Dec 2008, Kevin Yao
SINGAPORE, Dec 23 (Reuters) - Singapore's central bank is likely to flood the local money market with liquidity in the coming months as it prepares to let its currency weaken to head off a sharper economic slowdown, analysts said on Tuesday.
The Monetary Authority of Singapore, the central bank, has in recent months injected cash into the local money market to stem the rise in short-term rates to help ease credit strains, which could otherwise hit local firms and individuals, they said.
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