BusinessWeek, 7 Apr 2010
April 7 (Bloomberg) -- Singapore’s central bank will favor a stronger currency by October to curb inflation and catch up with regional peers in withdrawing economic stimulus, a survey of economists showed.
The currency has risen 0.5 percent so far this year, lagging behind a 7 percent gain in Malaysia’s ringgit and a 5 percent advance in India’s rupee. Consumer prices rose 1 percent in February from a year earlier, the fastest pace since March 2009, compared with a 0.2 percent increase in January, official data show. Full Story