Singapore Central Bank Bills to Soak Up Inflows, Analysts Say

BusinessWeek, 30 Jul 2010
July 30 (Bloomberg) -- Singapore’s planned issuance of central bank bills will help limit money-supply growth as investors channel more funds into the world’s fastest-growing economy, say Standard Chartered Plc and Barclays Plc.
The Monetary Authority of Singapore, or MAS, yesterday announced that it will issue negotiable central bank bills with maturities of up to three months from the second quarter of 2011. The government predicts gross domestic product will increase as much as 15 percent this year and the MAS in April unexpectedly revalued the Singapore dollar to help contain inflation. Full Story