Bloomberg.com, 15 Apr 2010
April 15 (Bloomberg) -- Singapore’s decision to revalue its currency to prevent economic overheating may prompt policy makers in China and other Asian nations to start withdrawing monetary stimulus as growth in the region outpaces the rest of the world.
“Singapore’s move is a signal that tightening in other nations in the region may come sooner or be more aggressive than what is currently expected by the market,” said Matt Hildebrandt, an economist at JPMorgan Chase & Co. in Singapore. Full Story
Related:
The Singapore Move will Pressure China to Change Yuan Policy - ForexLive
Singapore’s Revaluation May Spur China, South Korea - BusinessWeek
Singapore Takes Double-Barreled Action Against Inflation - Business Insider