The Malaysian Insider, 6 Oct 2009
Singapore’s central bank is seen playing a delicate balancing act in the months ahead by keeping the currency stable and borrowing costs low to cement an economic recovery while heading off possible asset bubbles.
The Monetary Authority of Singapore (MAS) is tipped to keep its zero appreciation policy next Monday, while concerns about asset bubbles, particularly in the housing market, may have persuaded it to prevent further declines in already ultra-low money rates, analysts say.
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