14 Jun '11, 9pm

MAS may let S'pore dollar rise one more time: DBS

SINGAPORE - With inflation dipping, the Monetary Authority of Singapore (MAS) may tighten currency policy one more time by the end of this year, according to Mr David Carbon, managing director of currency and economic research at DBS Bank. Singapore's consumer price index (CPI) slowed to 4.5 per cent in April from 5.5 per cent three months earlier. Addressing a media conference yesterday, Mr Carbon said the MAS had made three currency policy shifts since last March, allowing the Singapore dollar to appreciate to combat inflation. "I think the chances as to whether they move to another shift in the currency in October or not look about 50-50 right now," he said, referring to the MAS upcoming review of currency policy done every six months. Noting that Singapore "imported" most of its inflation, any shift in policy also depends on CPI numbers for the rest of Asia, said Mr Ca...

Full article: http://www.todayonline.com/Business/EDC110615-0000054/MAS...

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