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Singapore Dollar Has Chance of Three-Peat on Inflation Fight
The Singapore dollar beat out all its Asian counterparts in each of the past two years. The chance of a rare three-peat rests with the next move from the central bank. The currency gained 1.5% in 2023 as the Monetary Authority of Singapore kept its policy band with an appreciating bias at both its April and October meetings to counter inflation. Economists predict policy makers will maintain that setting again this year, with some even anticipating further tightening if inflation proves intractable. “While we continue to expect the MAS to refrain from adjusting FX policy through 2025, the risk of a 50 basis-point ... (full story)