Singapore to allow currency to strengthen in bid to slow inflation

The Washington Post, 14 Apr 2011
SINGAPORE — Singapore will allow its currency to strengthen in a bid to ease inflationary pressures sparked by rising global energy and food costs, the central bank said Thursday.
The Singaporean dollar has gained about 2 percent so far this year to a record SG$1.25 per U.S. dollar after strengthening 9.3 percent last year. Singapore’s central bank uses its currency exchange rate policy, rather than interest rates, to regulate monetary liquidity and inflation. Full story

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