The Economic Times, 7 Apr 2009, Reuters
For all the ambiguity afforded to Singapore by its unique currency-based monetary policy, its central bank will still have to effectively devalue
the currency if it wants to meaningfully achieve lower interest rates.
Singapore's central bank announces its policy after a six-month hiatus next week, and barely anyone doubts that authorities will have to ease monetary settings to shore up an economy that is already in recession and toying with deflation.
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