EASHINGTONPOST.COM Singapore cut its 2011 Gross domestic product forecast and warned economic growth may slow further during 2012, risking and slowing the appreciation of its currency in a bid to boost export competitiveness.
With growth slowing and inflation pressures expected to ease, the central bank said it would continue to allow a gradual appreciation of the Singapore dollar, but seek to slow the pace of the strengthening by reducing the slope of the exchange rate trading band.
With growth slowing and inflation pressures expected to ease, the central bank said it would continue to allow a gradual appreciation of the Singapore dollar, but seek to slow the pace of the strengthening by reducing the slope of the exchange rate trading band.
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