Singapore’s central bank will refrain from allowing faster currency appreciation at next week’s twice- yearly review to balance the risks of slowing global growth and accelerating inflation, according to a Bloomberg survey.The Monetary Authority of Singapore will retain its policy for a modest and gradual strengthening in the local dollar, all but one of the 14 economists surveyed predicted, with Morgan Stanley forecasting a one-off tightening. The median estimate was for a further 0.6 percent rise in the currency by year-end. Full story
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Singapore Will Maintain Currency Appreciation Pace in Review, Survey Shows - Bloomberg
