Singapore’s inflation is likely to accelerate and policy makers should stay vigilant on the outlook for growth and prices, which may require the “further calibration” of monetary policy, the International Monetary Fund said.The city-state’s exchange rate regime remains “appropriate,” the board of directors said in a statement concluding a July 16 meeting and released yesterday. In its annual assessment of the country’s economy discussed by the board, the IMF staff said the Singapore dollar appears “somewhat weaker” than its medium-term equilibrium level. Full Story
