| 14.10.2010 - Singapore to allow stronger currency even as economy contracts |
| From Bloomberg: Singapore’s central bank unexpectedly signaled it will allow faster appreciation in the island’s currency to curb inflation even as slowing global growth caused its economy to shrink last quarter. The Monetary Authority of Singapore said today it will steepen and widen the trading band on the local dollar while continuing to seek a “modest and gradual appreciation.”.............................................Full Article: Source |